Senior Economist Alvin Liew at UOB Group assesses the latest BoJ monetary policy meeting. Key Quotes “The Bank of Japan (BOJ) kept its policy measures unchanged at its March Monetary Policy Meeting today (19 Mar) but the key focus was on its review of the BOJ’s monetary policy framework where it announced measures to make its monetary easing policy more sustainable and effective. The key measures include widening the fluctuation band for yield curve control of the 10-year JGB yield target of 0% at +/- 25bps (with flexibility on the downside), removing the annual purchase target for ETFs, provide incentive for financial institutions to tap into an “Interest Scheme” to help cushion the negative effect of additional rate cuts.” “While there were quite a few adjustment measures from the BOJ’s Assessment, the market response is fairly muted, partly because the adjustments are small and the measures did not portend any imminent danger of BOJ lowering rates further. We maintain our view for the BOJ to do more and enhance its monetary policy easing further in the next MPM, most likely through re-accelerating its JGB purchases and expanding its lending facilities to Japanese corporates and SMEs.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD to hover around $1850 by end-March 2022 – Deutsche Bank FX Street 1 year Senior Economist Alvin Liew at UOB Group assesses the latest BoJ monetary policy meeting. Key Quotes "The Bank of Japan (BOJ) kept its policy measures unchanged at its March Monetary Policy Meeting today (19 Mar) but the key focus was on its review of the BOJ's monetary policy framework where it announced measures to make its monetary easing policy more sustainable and effective. The key measures include widening the fluctuation band for yield curve control of the 10-year JGB yield target of 0% at +/- 25bps (with flexibility on the downside), removing the annual purchase target for ETFs, provide incentive… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.