Bank of Japan extends monetary easing as virus concerns worsen

27.04.2020 - Kulakov Vladimir
Bank of Japan extends monetary easing as virus concerns worsen

The Bank of Japan has been providing stimulus supports for two months already, with additional support filed on Monday to alleviate corporate funding from financial drag. It was also set to aid government spending aimed at nursing the economic downturn brought by the pandemic.

“The BOJ will purchase necessary amounts of government bonds without setting up upper limit so that the 10-year bond yield will remain at around 0%,” the central bank said.

The recent stimulus placed the bank in line with other central banks that have provided large volumes of funds amid the novel coronavirus pandemic. It pledged to purchase corporate bonds and commercial papers up to 20 trillion yen, far larger than its initial promise of 7 trillion.

The meeting last Monday had it that the BOJ will retain its interest rate, parallel to what had been widely speculated. Moreover, BOJ Governor Haruhiko Kuroda will hold a conference to discuss further the policy.  

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?