Posted 12/19/2023, 3:10:00 AM
BOJ Holds Steady on Rates But Offers Flexibility on Yields, Keeps Markets Guessing on 2024 Pivot
- BOJ leaves interest rates unchanged at -0.1% and continues yield curve control measures
- BOJ says it will allow 10-year yields flexibility, potentially beyond 1% upper limit
- BOJ offers no clear guidance on potential policy pivot in 2024, disappointing markets
- BOJ expects inflation to remain above 2% target in fiscal 2024 before moderating
- Focus now on Governor Ueda press conference for more cues on future policy