BoJ maintains monetary easing at Kuroda’s final policy meeting
Ueda confirmed as next governor as pressure grows to abandon yield curve control
The Bank of Japan kept its ultra-loose monetary policy unchanged at outgoing governor Haruhiko Kuroda’s last policy meeting today (March 10).
The BoJ’s nine-member policy board unanimously decided to leave the central bank’s short-term interest rates unchanged at -0.1%. It also kept its target for yields on 10-year Japanese government bonds at around 0%.
The central bank also maintained its commitment to allow the 10-year bond yield to move 50 basis points either side of its 0% target. The BoJ
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