The Bank of Japan decided in its meeting that ended this morning, Friday, March 10, to keep monetary policy unchanged, as expected, to maintain the current negative short-term interest rates at -0.10%, in addition to leaving the range for the yield of ten-year bonds to move plus or minus 0.5%.

The bank is buying exchange-traded funds (ETFs) for 12 trillion yen and Japanese real estate investment J-REITs for 180 billion yen.

In the last meeting of the Bank’s Governor, Kuroda, in the bank’s presidency, the bank confirmed that it expects short-term interest rates to remain at their current levels for a long time, so that the market’s expectations of adjusting monetary policy in the coming period will decline, especially after the confirmation of the new governor, Oeda, that he will continue with this policy for a longer period.

The Japanese Central Bank continues to swim against the tide and normalize or facilitate monetary policy unlike the rest of the central banks around the world that are racing to raise interest rates and tighten monetary policy to counter the effects of high inflation, as bank officials repeat that the continuation of inflation rises to double the bank’s target is due to the rise in prices of raw materials and fuel It will start fading soon.

The yield on Japanese Treasury bonds for ten years fell to 0.445% today, while the Japanese yen fell by more than 80 points against the US dollar, to test 136.80 levels.