BOJ Monetary Policy Navigator
- Dec 20, 2023
BoJ leaves policy on hold as Governor Ueda notes gradually improving prospects for achieving price target
Key points
- BoJ decides to leave policy on hold at Policy Board meeting and makes no changes to policy guidelines
- Governor Ueda avoids definitive statements but says likelihood of achieving price outlook is "gradually increasing"
- We continue to see Bank winding down negative interest rates as early as January meeting, taking into account information gleaned from talks with businesses