Bank of Japan Governor Maasaki Shirakawa on Tuesday said the bank was assessing more policy options and assured that it was ready to act in an appropriate way if necessary.
The central bank chief expressed concern over the strong yen, adding that the BOJ was keeping a close eye on exchange rates. "We are aware that Japanese exporters have been greatly affected by the yen's strength," reports quoted him as saying.
Earlier today the Bank of Japan maintained its key interest rate at near-zero at the end of its two-day policy meeting and promised to take more policy actions if judged necessary to kick start the deflation-ravaged economy.
The decision was widely anticipated by markets after the central bank eased its already ultra-loose policy last month by increasing the amount of low-interest loans available to the money market to JPY 30 trillion from JPY 20 trillion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.