Economic Buzz: BOJ Maintains Interest Rate At -0.1%

Economic Buzz: BOJ Maintains Interest Rate At -0.1%

Jun 18, 2021 12:06 IST capital market

The Bank of Japan (BOJ) decided to hold the interest rate at -0.1% on current accounts that financial institutions maintain at the central bank. The bank will continue to purchase a necessary amount of Japanese government bonds without setting an upper limit so that 10-year JGB yields will remain at around zero percent. The Bank decided by majority vote to extend the duration of the Special Program to Support Financing in Response to the Novel Coronavirus by six months until the end of March 2022 with a view to continuing to support financing, mainly of firms.

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