The Bank of Japan has maintained the short term interest rate target at -0.1 percent while also maintaining the 10-year Japanese Government Bond (JGB) yield target at around 0 percent. The rates are expected to be low for an extended period of time.
Haruhiko Kuroda, the Governor of BoJ maintained that the economy will continue to expand modestly, inspite of global trade tensions. He didn’t change the forward guidance on rates and also left the pledge to buy JGBs at 80 trillion yen annually. The exchange traded fund, Japanese REIT though will fluctuate depending upon the economics and price development.