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The Bank of Japan unanimously kept its short-term rate at -0.1% and kept its yield curve control policy in place. Board members lowered their core inflation forecast for fiscal 2024 to 2.4% from 2.8%.
Economists expect the bank to end negative rates at its April meeting at the earliest.
Continued ultra-loose policy keeps the yen weak, which raises Japan's yen cost of dollar-priced feed imports. Any future tightening would reverse this pressure.
cnbc.comClement TanJan 23, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
