Bank of Japan left its ultra-loose monetary policy stance unchanged on Friday in the final meeting led by Governor Haruhiko Kuroda, thus passing the baton to Kazuo Ueda who was just confirmed by the Japanese parliament Diet as his successor.
The decision was in line with economists' view as policymakers were widely expected to maintain status quo in the last meeting of Kuroda's decade-long term that ends on April 8. The BoJ board unanimously decided to kept its yield curve control policy unchanged this time. Under this stance, the bank aims to keep the yields on 10-year Japanese government bonds between plus or minus 0.5 percentage points. This range was expanded in December from plus or minus 0.25 percentage points.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.