{"id":97576,"date":"2016-11-01T00:26:24","date_gmt":"2016-11-01T04:26:24","guid":{"rendered":"http:\/\/countingpips.com\/?p=97576"},"modified":"2016-11-01T00:26:24","modified_gmt":"2016-11-01T04:26:24","slug":"boj-maintains-policy-stance-yield-curve-control","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/boj-maintains-policy-stance-yield-curve-control\/","title":{"rendered":"BOJ maintains policy stance, yield curve control"},"content":{"rendered":"<div id=\"inves-3901773278\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 1, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>CentralBankNews.info<\/u><\/a><br \/>\n&nbsp; &nbsp; The Bank of Japan (BOJ) left its monetary policy stance unchanged, essentially reiterating its statement from September in which it adopted a new policy of &#8220;yield curve control&#8221; to reach its inflation target by controlling both short-term and long-term interest rates.<br \/>&nbsp; &nbsp; The BOJ maintained its interest rate of minus 0.10 percent on banks&#8217; deposits that exceed reserve requirements and confirmed that it plans to buy 10-year government bonds so yields remain at around zero percent.<br \/>&nbsp; &nbsp;This means the BOJ will continue purchasing bonds at its current pace, around 80 trillion yen. In addition, the BOJ will purchase exchange-traded funds (ETFs) and real estate investment trusts so their outstanding amount rise by an annual pace of about 6 trillion yen and about 90 billion yen, respectively.<br \/>&nbsp; &nbsp; The BOJ will also continue purchasing commercial paper and corporate bonds at a pace of about 2.2 trillion and 3.2 trillion yen, respectively.<\/p>\n<p>&nbsp; &nbsp; <a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CentralBankNews.info &nbsp; &nbsp; The Bank of Japan (BOJ) left its monetary policy stance unchanged, essentially reiterating its statement from September in which it adopted a new policy of &#8220;yield curve control&#8221; to reach its inflation target by controlling both short-term and long-term interest rates.&nbsp; &nbsp; The BOJ maintained its interest rate of minus 0.10 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-97576","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=97576"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97576\/revisions"}],"predecessor-version":[{"id":97577,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97576\/revisions\/97577"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=97576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=97576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=97576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}