Monetary policy of the Bank of Japan: The central bank maintains a short-term interest rate target of -0.1%

supports JGB's 10-year Target Yield Near Zero

leaves unchanged the obligation to buy JGBs in a flexible way, so its reserves increase at an annual rate of about Y80 trillion

leaves unchanged rate recommendations, says will keep current extremely low rates for a long period of time

the decision to control the yield curve is made by 7-2 votes, members of the board of directors. Harada, Kataoka disagree

Bank of Japan decides to extend the March term for a credit scheme aimed at encouraging financial institutions to increase lending

Extend the loan scheme for one year

Japan's economy is expected to continue to expand until 2020.

the economy’s momentum for achieving the inflation target is steady but lacks strength

risks to inflation forecast skewed down

risks to economic outlook skewed down

mid-term and long-term inflation expectations have remained more or less unchanged.

decides to extend the loan scheme to support the growth fundament for another year

expect consumer prices to rise gradually to 2 percent

we expect foreign economies to continue their steady growth, although they should pay attention to trade tensions between the USA and China and various recent steps