The Bank of Japan decided in its meeting that ended this morning, Thursday, July 21 (July 21) to keep monetary policy unchanged, as the members of the bank voted as expected to keep the current negative short-term interest rates at -0.10% in addition to maintaining the 10-year bond yield at 0 % .

The bank is buying exchange-traded funds (ETFs) for 12 trillion yen and J-REITs for 180 billion yen. The Japanese central bank and President Kuroda continue to swim against the trend 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, despite the strong yen rises.

In a statement of the Bank’s quarterly expectations for growth and inflation, the Bank of Japan raised its inflation forecast to 2.3% this year from 1.9% in April estimates, while lowering its growth forecast to 2.4% compared to 2.9% in April estimates for this year.

The Japanese yen against the US dollar is trading at levels of 138.22, unchanged compared to the closing prices of yesterday’s session.