BoJ keeps policy steady, downgrades CPI assessment

The Bank of Japan (BOJ) concluded its 2-day June monetary policy review meeting and announced no changes to its monetary policy settings, holding rates at -10bps, while maintaining 10yr JGB yield target at 0.00%.

The BoJ vote was 8 to 1, leaving its pledge to buy JGBs unchanged, so that its holdings increase at annual pace of around 80 trln yen.