BOJ Interest Rate Statement

Forecast : 0.25%
Previous : 0.25%
Release Time : 1am EST

Definition

The Bank of Japan (BOJ) Interest Rate Statement is released shortly after a meeting in which the BOJ Monetary Policy Committee, headed by Toshihiko Fukui, makes a decision on where to set short-term interest rates. The BOJ focuses heavily on inflation, as their stated mission is to achieve price stability. They generally raises rates to fight rising inflation, and lower rates in the face of deflation or economic slowdown.

Review

This super tsunami news seems to give big impact on Japan economy.BOJ does not specify an exact time of the statement. It is usually around the listed time but can vary.Hikes the interest rate will gave country good economic and inflation control but if BOJ decide to pause or not increase the interest we might be will see UJ going up all the way.i dont want to give any suggestion here but please standby while news released so you can plan how to react with the news.