The Bank of Japan maintained its negative interest rate and the yield curve control on Tuesday, and also retained its dovish forward guidance at the final meeting of the year.
The BoJ policy board, led by Governor Kazuo Ueda, unanimously decided to maintain a negative interest rate of 0.1 percent on current accounts that financial institutions maintain at the central bank.
The bank also decided to regard the upper bound of 1.0 percent for 10-year JGB yields as a reference in its market operations.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.