Bank of Japan Maintains Accommodative Stance

The Bank of Japan said Thursday it is holding its monetary policy steady, as inflation is still far from the targeted 2 percent despite a growing economy.At the end of its two-day policy meeting, the central bank said it is maintaining its short-term interest rate at minus 0.1 percent and the target for the 10-year government bond yield at zero percent.”Japan’s economy is expanding moderately,” the BOJ said in a statement.The decision to keep monetary policy unchanged was reached by a 8 to 1 vote, with board member Goushi Kataoka as the sole dissenting voice.

Source: Bank of Japan’s monetary policy statement, interest rates decision – CNBC

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