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BoJ Leaves Ultra-Loose Policy Unchanged; Maintains Dovish Stance

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The Bank of Japan kept its massive monetary policy stimulus unchanged on Friday defying the global tightening stance, and maintained its guidance on the interest rate despite the weakening yen.

The policy board, governed by Haruhiko Kuroda, unanimously decided to maintain a negative interest rate of -0.1 percent on current accounts that financial institutions maintain at the central bank.

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