# BOJ policy meeting: Japan maintains ultra-easy policy, leaves yield curve targets unchanged | CNN Business

> The Bank of Japan maintained its ultra-easy policy, keeping yield curve control targets and a short-term rate of minus 0.1%, defying expectations of a move away from low rates. The yen dropped as much as 2.7% against the dollar before paring losses to 129.76, after hitting a seven-month high of 127.46 the prior Friday.

- Date: 2023-01-18 · published 2023-01-18T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/38013-boj-policy-meeting-japan-maintains-ultra-easy-policy-leaves-yield-curve-targets
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The yen's sharp swings alter the dollar cost of imported feed ingredients for Japanese buyers and signal ongoing rate divergence with the US; direct grain price implications are modest.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- cnn.com: https://www.cnn.com/2023/01/17/investing/bank-of-japan-stands-pat-monetary-policy-intl-hnk

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