# Bank of Japan retains its ultra-loose policy, says 2% inflation target is in sight

> 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.

- Date: 2024-01-23 · published 2024-01-23T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/32366-bank-of-japan-retains-its-ultra-loose-policy-says-2-inflation-target-is-in-sight
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2024/01/23/bank-of-japan-expectedly-retains-its-ultra-loose-policy.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.