# (BOJ) Statement on Monetary Policy - ActionForex

> The Bank of Japan's January 31 Monetary Policy Statement kept the short-term rate at minus 0.1% and the 10-year JGB yield target at around zero. It maintained annual JGB purchases of about 80 trillion yen and extended loan support measures by one year. The decision was approved by majority votes.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/73210-boj-statement-on-monetary-policy-actionforex
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Unchanged BOJ policy keeps yen direction driven by US factors, so there is no new policy shock to dollar-based feed commodity pricing.

## Read by commodity

- USDJPY: neutral

## Sources

- actionforex.com: https://www.actionforex.com/central-banks/bank-of-japan/2412-boj-statement-on-monetary-policy/

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