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18 Dec 2015
BOJ keeps policy steady, sets up new program for ETF buying
FXStreet (Mumbai) - The Bank of Japan (BOJ) kept its monetary policy setting unadjusted at its today’s policy decision, maintaining its pledges to increase monetary base at annual pace of 80 trln Yen.
Following are the key headlines from the Policy statement:
Keeps monetary policy steady, pledges to increase monetary base at annual pace of 80 trln Yen
To increase purchases of etfs
To create new programme to buy etfs
To extend average duration of JGB purchases to 7-12 years
Will buy etfs at annual pace of about 300 bln Yen under new programme in addition to current etf buying
To expand loan scheme aimed at firms with growth potential
To start selling stocks it purchased from financial institutions from April next year
Will purchase etfs composed of stocks issued by firms active in investment in capex, human resources
New etf programme will start with purchases of etfs that track jpx-nikkei index 400
Vote on etfs was 6 to 3
Extends growth lending facilities by 1 year
Bank of Japan keeps economic assessment unchanged
Following are the key headlines from the Policy statement:
Keeps monetary policy steady, pledges to increase monetary base at annual pace of 80 trln Yen
To increase purchases of etfs
To create new programme to buy etfs
To extend average duration of JGB purchases to 7-12 years
Will buy etfs at annual pace of about 300 bln Yen under new programme in addition to current etf buying
To expand loan scheme aimed at firms with growth potential
To start selling stocks it purchased from financial institutions from April next year
Will purchase etfs composed of stocks issued by firms active in investment in capex, human resources
New etf programme will start with purchases of etfs that track jpx-nikkei index 400
Vote on etfs was 6 to 3
Extends growth lending facilities by 1 year
Bank of Japan keeps economic assessment unchanged