The Bank of Japan left its yield curve control, a core pillar of the monetary policy, unchanged on Wednesday, defying expectations for a tweak in its ultra-loose monetary regime as the central bank spend trillions to safeguard the yield target.
The Policy Board of the BoJ, led by Governor 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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by Renju Jaya
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