Society | Jun 17

BOJ keeps policy unchanged

Officials at the Bank of Japan have wrapped up a 2-day policy meeting. They have decided to press on with their easing program as they pursue their 2-percent inflation target.

The policymakers concluded their meeting with a pledge to stay focused on short- and long-term interest rates.

They say there will be no change to their negative rate policy for commercial banks. What that means is that lenders effectively have to pay 0.1 percent interest on a portion of the deposits they have at the BOJ.

The target yield for the benchmark 10-year Japanese government bond will stay at around zero percent.

The central bank says it will purchase those bonds at more or less the same pace -- that's about 80 trillion yen, or 700 billion dollars, a year.


MORE Society NEWS

Currently, there's a rapid increase in individuals suffering from "spring fatigue." You might be affected without even realizing it.

The emergence of the Gifu butterfly, a harbinger of spring, has commenced once again this year in Fukuchiyama City, Kyoto Prefecture.

During a visit to Mie Prefecture, Princess Aiko, the daughter of Emperor Naruhito and Empress Masako, immersed herself in the rich tapestry of Japan's past at a museum within the sacred precincts of Ise Shrine on Wednesday morning.

POPULAR NEWS

Somei Yoshino cherry trees are on the verge of full bloom in Tokyo, with forecasts indicating that the blossoms could be officially declared anytime. However, there is a risk of spring storms developing through Friday.

Seven-Eleven have extended the expiry date of its hand-rolled onigiri (rice balls), including salmon, plum, kelp, spicy cod roe, and tuna mayonnaise varieties.

The Japanese government finalized a new strategy on Wednesday aimed at the development of next-generation domestic aircraft, including initiatives for eco-friendly aviation technologies.

During a visit to Mie Prefecture, Princess Aiko, the daughter of Emperor Naruhito and Empress Masako, immersed herself in the rich tapestry of Japan's past at a museum within the sacred precincts of Ise Shrine on Wednesday morning.

As housing prices continue to surge in Japan's capital, a phenomenon known as "Escape from Tokyo" is seeing families with children moving out of Tokyo to neighboring prefectures such as Kanagawa, Saitama, and Chiba.

FOLLOW US