TOKYO : The Bank of Japan (BOJ) on Friday kept monetary settings unchanged but revamped its guidance on the future path of policy, and decided to conduct a 'broad-perspective' review of its monetary policy.As widely expected, the BOJ kept intact its short-term interest rate target at -0.1 per cent and tha
TOKYO : The Bank of Japan on Friday kept monetary settings unchanged but revamped its guidance on the future path of policy, and decided to conduct a"broad-perspective" review of its monetary policy.
As widely expected, the BOJ kept intact its short-term interest rate target at -0.1 per cent and that for the 10-year bond yield around 0 per cent at the two-day meeting that ended on Friday. But it modified its forward guidance by removing reference on the need to guard against risks from the COVID-19 pandemic, and to keep interest rates at"current or lower levels."
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