# (BOJ) Statement on Monetary Policy - March 16, 2017 - ActionForex

> The Bank of Japan kept short-term policy rates at minus 0.1 percent and targeted 10-year JGB yields around zero, by a 7-2 vote. It also set annual pace guidelines for ETF, J-REIT, CP and corporate bond holdings.

- Date: 2017-03-16 · published 2017-03-16T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/72242-boj-statement-on-monetary-policy-march-16-2017-actionforex
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Continued BoJ easing keeps the yen weak relative to other currencies, which supports Japan's feed import costs in yen terms.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- actionforex.com: https://www.actionforex.com/central-banks/bank-of-japan/4872-boj-statement-on-monetary-policy-march-16-2017/

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