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.
by Jyotsna V
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