Bank of Japan set to reduce JGB purchases, stands pat on interest rate
Publishing timestamp: 2024-06-14 03:22:27
Summary
The Bank of Japan is considering reducing its purchases of Japanese government bonds after the next monetary policy meeting in July. The decision was passed with a majority vote, with one member dissenting. The yen weakened against the U.S. dollar following the announcement, and the Nikkei 225 and Topix indices rose. The BOJ had previously raised interest rates for the first time in 17 years in March. Governor Kazuo Ueda stated that sharp declines in the yen are negative for the economy and may prompt intervention.
Sentiment: NEUTRAL
Tickers: JPY=, .N225, JP10Y-JP,
Keywords: breaking news: asia, interest rates, japan 10 year treasury, nikkei 225 index, business news, usd/jpy, breaking news: markets, asia economy, central banking, economy,