At its October monetary policy meeting, the Bank of Japan (BOJ) left its policy settings unadjusted once again but revised the economic forecasts.
Key takeaways
Maintains short-term interest rate target at -0.1%.
BOJ maintains 10-year JGB yield target around 0%.
BOJ made decision on yield curve control by 8-1 vote.
Board member Kataoka opposed decision on YCC.
Market reaction
USD/JPY remains unfazed near daily lows of 113.54 on the BOJ’s status-quo, down 0.18% on the day.