4/27, 5:03 AM (Source: TeleTrader)
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BoJ keeps interest rates unchanged

The Bank of Japan (BoJ) announced after its monetary policy meeting on Tuesday that it will keep applying a negative interest rate of -0.1%. In the long term, the bank will purchase a necessary amount of government bonds in order to maintain the 10-year yields at around 0%.

The BoJ reaffirmed its commitment to quantitative and qualitative easing with the aim of achieving a 2% inflation "as long as it is necessary for achieving that target." It stated it will continue to support the financing of firms and maintain market stability while closely monitoring the impact of the coronavirus, vowing to take additional measures if necessary. It predicted the short- and long-term policy interest rates will remain "at their present or lower levels."

Breaking the News / DJ