Investing.com – The Bank of Japan announced that it had kept its benchmark interest rate unchanged on Tuesday.
The bank said it was maintaining the benchmark interest rate at 0.1%, in a widely expected move.
The bank also voted unanimously to maintain credit programs for lenders.
The banks policy board did not refer to the yen in the statement but said the bank was monitoring the effects of “developments in fiscal and financial conditions” in Europe and elsewhere in the global economy and on financial markets.
Following the release of the data the yen was up against the U.S. dollar with USD/JPY shedding 0.09% to hit 85.86.
The bank said it was maintaining the benchmark interest rate at 0.1%, in a widely expected move.
The bank also voted unanimously to maintain credit programs for lenders.
The banks policy board did not refer to the yen in the statement but said the bank was monitoring the effects of “developments in fiscal and financial conditions” in Europe and elsewhere in the global economy and on financial markets.
Following the release of the data the yen was up against the U.S. dollar with USD/JPY shedding 0.09% to hit 85.86.