BOJ begins policy meeting, extension of funding support in focus

Economy

The Bank of Japan on Thursday began a two-day policy-setting meeting to discuss the need to extend its pandemic-response program to help companies cope with funding needs. The BOJ is widely expected to maintain its ultraeasy monetary policy at the meeting as economists expect another quarter of negative growth for Japan's economy in the three months to June. Under its yield curve control program, the Japanese central bank keeps short-term interest rates at minus 0.1 percent and guides 10-year Japanese government bond yields around zero. It also buys assets such as exchange-traded funds with th...

Kyodo News

Kyodo News