# BOJ sticks to ultra-easy monetary policy amid high uncertainties; yen tumbles

> The Bank of Japan unanimously kept its -0.1% policy rate and its 1% upper bound on the 10-year yield reference, and Ueda said it is hard to show how policy can exit ultra-loose settings with high certainty. The yen tumbled after the decision, unwinding a recent rally. Ueda said a positive wage-inflation cycle must still be confirmed.

- Date: 2023-12-19 · published 2023-12-19T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/32957-boj-sticks-to-ultra-easy-monetary-policy-amid-high-uncertainties-yen-tumbles
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Delayed BOJ tightening keeps the yen weak against the dollar, which supports Japanese purchasing power for imported feed inputs only modestly and has little direct effect on grain prices.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2023/12/19/boj-bank-of-japan-sticks-to-ultra-easy-monetary-policy-in-light-of-high-uncertainties.html

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