Bank of Japan keeps key rate unchanged

By IANS,

Tokyo : The Bank of Japan (BOJ) Friday decided to keep the monetary policy unchanged.


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The BOJ’s Policy Board voted unanimously, to keep the key short-term interest rate at around zero to 0.1 percent and decided to keep the size of its asset purchase program at the current 80 trillion yen, after expanding the fund by 10 trillion yen at the previous meeting Sep 19, reported Xinhua.

The BOJ’s assessment on domestic economy is “leveling off more or less”, as the exports and industrial production weaken by strong yen and economic troubles in Europe.

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