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BOJ Keeps Ultra-Low Rates, Dovish Policy Guidance


BOJ Keeps Ultra-Low Rates, Dovish Policy Guidance

TOKYO (Reuters) – The Bank of Japan maintained its mass stimulus on Friday and its orientation to maintain the costs of loans at “present or lower” levels, indicating its resolution to concentrate on supporting the economy’s recovery from the COVID-19 pandemic.

The Central Bank also said that it would offer to buy unlimited amounts of bonds of the Japanese government at ten years (JGB) to 0.25% every business day, repeating the orientation of the market operations it carried out in April.

As expected, the Central Bank kept unchanged its short-term interest rate objective of -0.1% and a promise to guide the yield of government bonds to 10 years around 0%. An 8-1 vote took the decision.

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BOJ Keeps Ultra-Low Rates, Dovish Policy Guidance



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