The Bank of Japan (BOJ) maintained ultra-low interest rates on Friday and held off making changes to its controversial bond yield control policy, leaving options open ahead of a leadership transition in April.Though widely expected by most analysts, the decision sent the yen and local bond yields tumbling
The Bank of Japan maintained ultra-low interest rates on Friday and held off making changes to its controversial bond yield control policy, leaving options open ahead of a leadership transition in April.
Following are excerpts from Kuroda's comments at his post-meeting news conference, which was conducted in Japanese, as translated by Reuters:"We're seeing changes in the views expressed by companies and unions ahead of the shunto wage negotiations. We hope this will lead to a positive change that pulls Japan out from a long-held perception that wages and inflation won't rise.
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