tweet at 11:03pm: BoJ: Expects Short- And Long-Term Policy Rates To Remain At ‘Present Or Lower’ Levels – Will Take Additional Easing Steps Without Hesitation As Needed With Eye On Pandemic’s Impact On Economy – Must Be Vigilant To Financial, FX Moves And Impact On Japan’s Economy, Prices tweet at 11:04pm: #BOJ: – Uncertainties for Japan’s economy are extremely high, assessment of global economy downgraded – Underlying price pressures, inflation expectations increasing – Will extend Covid-related funding programs for 6 months for some facilities, 3 months for others tweet at 10:56pm: YEN WEAKENS THROUGH 145 PER DOLLAR FOR FIRST TIME SINCE 1998 tweet at 11:09pm: #USDJPY, after a volatile initial reaction, is attempting to break above triangle resistance at the 145 level following the #BOJ announcement. If successful, prices would threaten the 1998 high (147.65), which is within the triangle’s measured move. https://t.co/lnONvbq7JxAmendment to “Principal Terms and Conditions of the Special Funds Supplying Operations to Facilitate Financing in Response to the Novel At the Monetary Policy Meeting held on September 21 and 22, 2022, the Policy Board of the Bank of Japan made the following decisions with a view to phasing out the Special Funds-Supplying Operations to Facilitate Financing in Response to the Novel Coronavirus (COVID-19) and shifting to fund-provisioning that would meet a wide range of financing needs. 1. The Bank shall amend the “Principal Terms and Conditions of the Special Funds-Supplying Operations to Facilitate Financing in Response to the Novel Coronavirus (COVID-19)” (see Attachment 1). 2. The Bank shall amend the “Special Rules for Member Financial Institutions of Central Organizations of Financial Cooperatives to Use the Special Funds-Supplying Operations to Facilitate Financing in Response to the Novel Coronavirus (COVID-19)” (see Attachment 2).
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