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BOJ defies market expectations, keeps current stimulus measures in place

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Japan’s Nikkei gained 2.5%, while the JSE all share was little changed at 79,320 points and the top 40 0.10% weaker

The JSE was little changed on Wednesday morning, while global peers were mixed, with the Bank of Japan in focus.

The BOJ kept its interest rate unchanged at -0.1%, but more importantly, it also decided to stick to the current yield curve control range, defying market expectations it would phase out its huge stimulus programme amid mounting inflationary pressure. The yen fell sharply weaker and bond yields lower. ..

 

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