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The BOJ set the overnight call rate as its new policy rate and decided to guide it in a range of 0-0.1% partly by paying 0.1% interest to deposits at the central bank.
SINGAPORE/LONDON (Reuters) -Stocks around the world tumbled on Thursday, with the 10-year U.S Treasury yield at its highest since May, a day after the Federal Reserve said it would temper the pace ...
The BOJ raised its short-term interest rates to around 0% to 0.1% from -0.1%, according to its statement at the end of its two-day March policy meeting. Japan’s negative rates regime had been in ...
A policy termed "quantitative easing" (量的緩和, ryōteki kanwa, from 量的 "quantitative" + 緩和 "easing") [28] was first used by the Bank of Japan (BoJ) to fight domestic deflation in the early 2000s. [29] [30] The BOJ had maintained short-term interest rates at close to zero since 1999. The Bank of Japan had for many years, and as ...
In 1979, when the energy crisis happened, the BOJ raised the official bank rate rapidly. The BOJ succeeded in a quick economic recovery. After overcoming the crisis, they reduced the official bank rate. In 1980, the BOJ reduced the official bank rate from 9.0% to 8.25% in August, to 7.25% in November, and to 5.5% in December in 1981.
The Mutan interest rate is the un-collateralized overnight call rate in Japan. It is the reference rate for JPY overnight unsecured transactions in the Japanese market. It was launched in July 1985 [ 1 ] and it is the main tool for the transmission of the Bank of Japan 's monetary policy .
As widely expected, the BOJ kept short-term interest rates steady at 0.25% at a two-day meeting that ended on Friday. BOJ keeps interest rate steady, upgrades view on consumption Skip to main content
The exchange rate is an intermediate target of monetary policy in the context of the small and open Singapore economy (where gross exports and imports of goods and services are more than 300 percent of GDP and almost 40 cents of every Singapore dollar spent domestically is on imports), the exchange rate represents a significantly stronger ...