# BOJ leaves rates unchanged, maintaining ultra-loose monetary policy

> The Bank of Japan kept short-term rates at -0.1% and capped the 10-year government bond yield around zero, citing extremely high uncertainty. The yen sank about 0.5% to around 148.3 per dollar after the decision. Japan remains an outlier among major central banks that have raised rates.

- Date: 2023-09-22 · published 2023-09-22T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/34352-boj-leaves-rates-unchanged-maintaining-ultra-loose-monetary-policy
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Continued policy divergence keeps the yen weak against the dollar, raising yen-based costs for imported feed ingredients and reinforcing dollar strength across commodity markets.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2023/09/22/bank-of-japan-september-2023-interest-rates-meeting-monetary-policy.html

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