Japan leaves rates unchanged

JAPAN - As widely anticipated the Bank of Japan made no change to its monetary policy today, following its two-day meeting.

The lending rate remains effectively zero and the target volume of current account deposits remains at the raised September levels of above six trillion yen, though the level is actually being maintained at above nine trillion. The Bank of Japan has committed to maintaining a policy of 'quantitative easing' until changes in consumer prices stabilise at zero.

Finance minister

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