(ANSA) - TOKYO, MARCH 10 - The Central Bank of Japan (BoJ) is not holding any surprises and has decided to keep the current ultra-expansionary monetary policy unchanged.
At the end of the two-day meeting, the last of the current governor Haruhiko Kuroda - whose mandate expires in early April - the committee chose to leave short-term rates in negative territory at -0.1%, continuing with the massive plan to purchase obligations.
The yield control curve (Ycc) in force since September 2016, when the BoJ set a 0% target for 10-year government bonds, has not changed either.
Kuroda therefore ends his second five-year mandate without having achieved the objective of a stable inflation of 2% considered "healthy";
a target which, according to the Japanese press, has been used several times by the institute to justify "sometimes surprising" monetary policy decisions by the financial markets.
After the world's third-largest economy grew anemic by 0.1% in the fourth quarter of 2022, the BoJ maintained its judgment for an "accelerating" expansion, despite recent commodity hikes.
Taking Kuroda's place will be 71-year-old academic Kazuo Ueda,
formerly a member of the central bank's executive committee, which - according to analysts - while not decreeing a change of pace in accommodating monetary policy, will gradually begin to limit its scope.
(HANDLE).
