LINKTV Newsline September 21, 2016
A two day meeting. They said they are going to adopt a target for long term Interest Rates in an effort to meet their inflation goal as soon as possible. They say they will abandon their base money target and instead set what they call yield curve control. That involves central bank purrs of bonds to keep egbs at current levels of 0 . They will purchase them in line with the current pace of about 780 billion worth. But they also note that the pace of increase in the Monetary Base may fluctuate in the short run depending on market conditions. In the short term the boj will apply a negativeinter...