Reported 7 months ago
The Bank of Japan (BOJ) maintained its rate at 0.1% during its meeting on June 14, contrary to market expectations of a more aggressive stance. The BOJ announced plans to reduce bond purchases and may consider a rate hike in July, causing the yen to weaken against the dollar. BOJ Governor Kuroda hinted at a possible rate hike in July depending on economic data. The BOJ's dovish stance led to a rise in Japanese stocks and a drop in the 10-year bond yield. Market reaction was mixed as analysts expressed disappointment over the lack of clear guidance on tapering bond purchases and rate hike details.
Source: YAHOO