BoJ members split ranks on monetary easing

Not all members agree on how low 10-year yields should be

The Bank of Japan

Bank of Japan (BoJ) policy-makers disagreed over the degree of monetary easing at their latest meeting, with some members arguing that long-term yields “should be allowed to temporarily turn negative”, while others favoured more flexible purchases.

At the meeting, the central bank kept policy on hold, maintaining a negative interest rate of –0.1% and increasing Japanese government bond (JGB) holdings at an annual pace of about ¥80 trillion ($731 billion).

“On the recent decline in long-term

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: