Bank of Japan Governor Maasaki Shirakawa on Tuesday said the bank was assessing more policy options and assured that it was ready to act in an appropriate way if necessary.
The central bank chief expressed concern over the strong yen, adding that the BOJ was keeping a close eye on exchange rates. "We are aware that Japanese exporters have been greatly affected by the yen's strength," reports quoted him as saying.
Earlier today the Bank of Japan maintained its key interest rate at near-zero at the end of its two-day policy meeting and promised to take more policy actions if judged necessary to kick start the deflation-ravaged economy.
The decision was widely anticipated by markets after the central bank eased its already ultra-loose policy last month by increasing the amount of low-interest loans available to the money market to JPY 30 trillion from JPY 20 trillion.
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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.