# BOJ's Ueda scraps rates guidance, commits to stimulus for now - The Business Times

> The Bank of Japan kept its rate and asset purchase settings unchanged on April 28 and scrapped its forward rate guidance. It also called for a long-term policy review, and the yen weakened about 1% to 135.30 per dollar.

- Date: 2023-04-28 · published 2023-04-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/36631-boj-s-ueda-scraps-rates-guidance-commits-to-stimulus-for-now-the-business-times
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Continued easing supports a weaker yen and a stronger dollar, which can make US-priced commodities slightly more expensive for Japanese buyers.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/bojs-ueda-scraps-rates-guidance-commits-stimulus-now

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