Bank of Japan to maintain ultralow rate policy


Tokyo, Sep 22 (IANS): The Bank of Japan on Thursday announced to maintain its ultralow rate policy, bucking the global trend of tightening policy to restrain soaring inflation.

At the end of a two-day policy meeting, the central bank set short-term interest rates unchanged at minus 0.1 per cent, in line with expectations, amid moves to support the economy by guiding 10-year Japanese government bond yields around zero per cent, reports Xinhua news agency.

The yen has been falling sharply against the US dollar, shortly after the Federal Reserve went ahead with another interest rate hike.

On Thursday, the US dollar rose above the 145-yen line in Tokyo trading, hitting a 24-year high.

  

Top Stories


Leave a Comment

Title: Bank of Japan to maintain ultralow rate policy



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.