BoJ keeps benchmark ratio for macro add-on balance unchanged

The Bank of Japan (BoJ) came out with a brief statement last minutes, after the review of its benchmark ratio for current account balances kept with the central bank.

Key Points:

Benchmark ratio kept at 21.5% (after being increased in September from 20.0%).

The negative rate interest rate will be applied to about JPY 10 trillion of funds (a change from the previous JPY 10-20 trillion over the last year).