Benzinga
Benzinga
  • 7 months ago
The Bank of Japan kept its policy rate unchanged at 0% to 0.1% after its monetary policy meeting. This comes after Tokyo's April inflation was lower than expected at 1.6% versus estimates of 2.2%. The BOJ will continue bond purchases in line with its March decision of around $83 billion monthly. The yen weakened further against the dollar after the decision, trading around 156 yen to the dollar. BOJ Governor said exchange rate volatility could significantly impact the economy and prices.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 The Bank of Japan kept its policy rate unchanged at 0% to 0.1% after its monetary policy meeting.
00:09 This comes after Tokyo's April inflation came in lower than expected at 1.6% versus the estimates
00:15 of 2.2%. The BOJ will continue bond purchases in line with its March decision of around 83 billion
00:22 per month. The yen weakened further against the dollar after the decision, trading around 156 yen
00:28 to the dollar. BOJ governors said exchange rate volatility could be significantly impacting the
00:33 economy and prices forecast for 2024 fiscal year inflation were raised to a range of 2.5% to 3%.
00:41 For all things money visit Benzinga.com

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