BOJ keeps policy steady, sets up new program for ETF buying

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The Bank of Japan (BOJ) kept its monetary policy setting unadjusted at its today’s policy decision, maintaining its pledges to increase monetary base at annual pace of 80 trln Yen.

    Following are the key headlines from the Policy statement:

    Keeps monetary policy steady, pledges to increase monetary base at annual pace of 80 trln Yen

    To increase purchases of etfs

    To create new programme to buy etfs

    To extend average duration of JGB purchases to 7-12 years

    Will buy etfs at annual pace of about 300 bln Yen under new programme in addition to current etf buying

    To expand loan scheme aimed at firms with growth potential

    To start selling stocks it purchased from financial institutions from April next year

    Will purchase etfs composed of stocks issued by firms active in investment in capex, human resources

    New etf programme will start with purchases of etfs that track jpx-nikkei index 400

    Vote on etfs was 6 to 3

    Extends growth lending facilities by 1 year

    Bank of Japan keeps economic assessment unchanged
    For more information, read our latest forex news.

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