The Bank of Japan kept the yield curve's range unchanged, which led to a decline in the value of the yen.

After the Bank of Japan shocked markets by maintaining its yield curve tolerance zone at its previous level, the yen fell in value relative to the dollar. After the decision was revealed, the value of the yen dropped by as much as 2.7% versus the dollar, reaching a low of 130.35. This was the yen...

BOJ REFRAINS FROM BUYING ETFs IN MAY FOR THE 1ST TIME

Highlights –

• BOJ refrains from buying ETFs in May for the 1st time.
• BOJ removed a $55 billion annual target for purchases to make ETF buying more flexible in March.
• The BOJ's total assets quadrupled to over 700 trillion yen over t...

BOJ’S TOTAL ASSESTS IN FISCAL 2020 ROSE TO $6.5 TRILLION

Highlights –

• BOJ’s total assets in fiscal 2020 rose to $6.5 trillion.
• Japanese government bonds were purchased massively as part of the ultraloose monetary policy.
• The total assets rose 604.48 trillion yen from the previous year...

BOJ DOWNGRADED ECONMIC ASSESSMENTS OF TWO REGIONS IN THE COUNTRY

Highlights –

• BOJ downgraded economic assessments of two regions in the country.
• BOJ is worried about economic recovery from the pandemic which still remains fragile.
• The pandemic has dampened consumption, which accounts for more than...

BANK OF JAPAN’S UNREALIZED PROFIT FROM ETF STANDS AT AROUND $125 BILLION

Highlights –

• Bank of Japan’s unrealized profit from ETF stands at around $125 billion.
• BOJ's ETF buying is reportedly aimed at supporting the economy.
• The country's core consumer price index fell 1.0 percent in December ...

BOJ GOVERNOR SUGGESTS COUNTRY’S ECONOMY SEVERE AND RECOVERY BE MODERATE

Highlights –

• BOJ Governor suggests country’s economy severe and recovery be moderate.
• Later in the day, BOJ is scheduled to release its quarterly Sakura report on regional economies.
• BOJ Governor Kuroda said the consumer price i...

BOJ TO ASSESS ITS ULTRALOOSE MONETARY POLICY FRAMEWORK

Highlights –

• BOJ to assess its ultraloose monetary policy framework.
• The BOJ plans on studying the side effects of its monetary policy in March.
• The central bank has maintained short-term interest rates at minus 0.1 percent.

BOJ GOV. EXPRESSED CONCERN ABOUT RISING COVID-19 CASES IN EUROPE AND U.S.A

Highlights –

• BOJ Gov. expressed concern about rising COVID-19 cases in Europe and U.S.A.
• The bank has said that it will remain vigilant against risks to the global economy.
• The world’s third-largest economy is expected to shrink...

BOJ MAY EXTEND EMERGENCY SUPPORT MEASURES TO BUSINESSES HURT BY THE PANDEMIC

Highlights –

• BOJ may extend emergency support measures to businesses hurt by the pandemic.
• Governor Haruhiko Kuroda mentioned the same in a press conference.
• Prime Minister Yoshihide Suga wants to maintain close communication and coo...

BANK OF JAPAN BEGAN POLICY MEETING TO DISCUSS COUNTRY’S CURRENT MONETARY MEASURES

Highlights –

• Bank of Japan began policy meeting to discuss country’s current monetary measures.
• BOJ is likely to maintain its ultraeasy monetary policy.
• BOJ expects the country’s economy to shrink by 4.7 percent more.
...