JN Monetary Policy Statement

At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a 7-1 majority vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 1.0 percent. In accordance with the change in the guideline for money market operations, the Bank decided, by a 7-1 majority vote, to change the interest rates applied to its measures. (1) Interest rate applied to the complementary deposit facility The interest rate applied to the complementary deposit facility (the interest rate applied to current account balances held by financial institutions at the Bank, excluding required reserve balances) will be 1.0 percent.3 (2) Basic loan rate4 The basic loan rale applicable under the complementary lending facility will be 1.25 percent. BOJ: BOARD MEMBER ASADA OPPOSED RATE DECISION ... BOJ board members Takata and Tamura oppose outlook description on prices Plan for the Outright Purchases of Japanese Government Bonds At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan reviewed the developments in and functioning of the Japanese government bond (JGB) markets and discussed its approach to future JGB purchases. In principle, long-term interest rates are to be formed in financial markets, and it is appropriate for the Bank to conduct the purchases of JGBs in a predictable manner, while allowing enough flexibility to support stability in the JGB markets. Based on this thinking, with a view to improvement of market functioning and stability of the JGB markets, the Bank decided, by a 7-1 majority vote, to conduct the outright purchases of JGBs as BOJ: WILL KEEP RAISING POLICY RATE AMID ECONOMIC ACTIVITY, PRICES, FINANCIAL CONDITIONS DEVELOPMENTS ...

Japan economy minister Kiuchi: will participate in today's BoJ meeting Japan economy minister Kiuchi: strongly hopes BoJ communicates, collaborates with government to sustainably, stably reach 2% inflation target

BoJ's Governor Ueda expected to be absent from the June 15-16th meeting BOJ GOV UEDA HOSPITALIZED ~2 WEEKS, HIMINO TO CHAIR MEETING, UCHIDA TO HOST PRESS CONF

At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a 6–3 majority vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0.75 percent. *BOJ VOTES 6-3 TO KEEP RATES UNCHANGED ... Just in | BOJ Board Members Nakagawa, Takata, and Tamura Vote Against Rate Decision

At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by an 8-1 majority vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0.75 percent. Japan's economy has recovered moderately, although some weakness has been seen in part. Overseas economies have grown moderately on the whole, although some weakness has been seen in part, reflecting trade and other policies in each jurisdiction. Exports and industrial production have continued to be more or less flat as a trend. Corporate profits have remained at high levels on the whole, although downward effects due to tariffs have been seen in manufacturing. In this situation, business fixed investment has been on a moderate increasing trend. Private consumption has been resilient against the background of an improvement in the employment and income situation, although it has been affected by price rises. On the other hand, housing investment has been on a declining trend. Meanwhile, public investment has continued to be more or less flat. Financial conditions have been accommodative. On the price front, with moves to pass on wage increases to selling prices continuing, the year-on-year rate of increase in the consumer price index (CPI, all items less fresh food) had been above 2 percent, partly due to the effects of the rise in food prices, such as rice prices; however, the rate of increase has recently fallen to around 2 percent due to factors such as the effects of the government's measures to reduce the household burden of higher energy prices. Inflation expectations have risen moderately Just in | Bank of Japan Votes 8-1 on Key Policy Decision Just in | Bank of Japan Signals Potential Rate Hikes if Economic and Price Trends Align with Forecast BOJ reports moderate economic recovery in Japan, while noting certain weaknesses. Just in | The Bank of Japan highlights potential risks to the country's economic outlook, citing geopolitical developments in the Middle East, fluctuations in oil prices, and foreign exchange market trends.