The Bank of Japan on Wednesday left the monetary policy unchanged as expected after boosting the asset purchases at the end of April.
The Policy Board unanimously decided to retain the key uncollateralized overnight call rate steady at 0-0.1 percent. The size of the asset purchase and credit facility was also left unchanged at JPY 40 trillion and JPY 30 trillion respectively.
The Board said that close attention will be paid to developments in global financial markets. Meanwhile, Japan's economy is shifting towards a "pick-up phase," the central bank said.
by RTT Staff Writer
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