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Japan Holds Rate As Expected; Set To Slow Bond Purchases

The Bank of Japan decided to maintain its interest rate and to reduce the pace of the amount of bond purchases from April next year amid rising uncertainties in financial markets and global trade policies.

The policy board of the Bank of Japan unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent. The decision came in line with expectations.

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by Renju Jaya

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