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Bank of Japan agrees to keep yields low

6 May 2021 11:00 AM

Policymakers at the Bank of Japan agreed that the central bank’s priority should be to keep the yield curve steadily low, while the economy remains under pressure from the Coronavirus pandemic, as Bank of Japan’s March meeting minutes showed on Thursday released today.

The minutes showed that a government representative attending the meeting urged the Bank of Japan to guide policy, focusing on the impact of the US interest rate hike on financial markets.

Bank of Japan kept its monetary policy steady at its March meeting and unveiled steps to make its instruments sustainable enough to outpace a long battle to meet the elusive 2% inflation target.

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