Central Banks
BOJ’s Ueda Scraps Rates Guidance, Commits to Stimulus For Now
- Reinforces commitment to easing with yield curve control
- Normalization could still start during policy review: Ueda
The Bank of Japan scrapped its guidance on future interest rate levels while keeping its main stimulus measures unchanged, as Governor Kazuo Ueda prepared the ground for taking a more flexible stance on policy.
The BOJ maintained its rock-bottom interest rate and asset purchase settings at the end of a two-day gathering Friday, as expected by almost 90% of economists surveyed by Bloomberg.