BOJ Keeps Ultraeasy Monetary Policy Unchanged
Tokyo, Dec. 19 (Jiji Press)--The Bank of Japan voted to leave its current massive monetary easing policy unchanged on Thursday.
The central bank's board voted 7-2 to continue applying a minus 0.1 pct interest rate on part of financial institutions' current-account deposits at the BOJ and guiding 10-year Japanese government bond yields to around zero pct.
"Japan's economy has been on a moderate expanding trend...although exports, production, and business sentiment have shown some weakness, mainly affected by the slowdown in overseas economies and natural disasters," the BOJ said.
[Copyright The Jiji Press, Ltd.]