Investing.com – The Bank of Japan kept its benchmark interest rate unchanged, in a widely expected move it announced on Tuesday.
In a statement, the BoJ said it was keeping its benchmark interest rate unchanged between a range of 0.0% to 0.1%, broadly in line with expectations.
A statement on monetary policy released after the announcement showed that the Bank of Japan’s nine-man policy board voted unanimously to maintain the interest rate at its current level.
The BoJ also kept unchanged a JPY10 trillion yen fund to buy assets such as corporate bonds and exchange-traded funds.
“Japan’s economic activity is picking up with an easing of the supply-side constraints caused by the earthquake disaster,” the central bank said in a statement.
Following the decision, the yen was up against the U.S. dollar, with USD/JPY shedding 0.4% to trade at 79.74.
In a statement, the BoJ said it was keeping its benchmark interest rate unchanged between a range of 0.0% to 0.1%, broadly in line with expectations.
A statement on monetary policy released after the announcement showed that the Bank of Japan’s nine-man policy board voted unanimously to maintain the interest rate at its current level.
The BoJ also kept unchanged a JPY10 trillion yen fund to buy assets such as corporate bonds and exchange-traded funds.
“Japan’s economic activity is picking up with an easing of the supply-side constraints caused by the earthquake disaster,” the central bank said in a statement.
Following the decision, the yen was up against the U.S. dollar, with USD/JPY shedding 0.4% to trade at 79.74.