BOJ keeps rates unchanged at -0.1%, abandons monetary base target

Bank of Japan's monetary policy decision has been released, with the Central Bank keeping rates unchanged at -0.1% and keeping monetary policy base unchanged at 80 trl yen.

Key headlines

boj maintains -0.1 pct negative interest rate

boj: to abandon monetary base target

boj decides to modify its policy framework

boj: adopts qqe with yield curve control

boj: to keep buying jgbs so balance of its holdings increases at annual pace of 80 trln yen

boj: introduces new market ops for yield curve control

boj: to buy jgbs so 10 yr yield hovers around 0 pct

boj: scraps range for duration of jgbs that boj buys