The Bank of Japan kept monetary policy steady on Thursday and clarified its inte...
FILE PHOTO: A security guard walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato/File Photo
TOKYO - The Bank of Japan kept monetary policy steady on Thursday and clarified its intention to keep interest rates very low for a prolonged period, committing to do so at least through around the spring of next year. In a widely expected move, the BOJ maintained its short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent.
“The BOJ intends to maintain the current extremely low levels of short-term and long-term interest rates for an extended period of time, at least through around spring 2020,” the BOJ said in a statement announcing its policy decision.BOJ Governor Haruhiko Kuroda will hold a news conference at 3:30 p.m. to explain the policy decision.
Reporting by Leika Kihara, Tetsushi Kajimoto, Stanley White and Kaori Kaneko; Editing by Chris Gallagher
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