Bank of Japan keeps monetary policy unchanged

28 Apr 2023 , 01:08 AM

The Bank of Japan (BOJ) opted to conduct a ‘broad-perspective’ review of its monetary policy on Friday while maintaining the status quo in terms of monetary policy. 

The BOJ also revised its advice on the future course of policy.

At the two-day meeting that ended on Friday, the BOJ maintained its targets for the short-term interest rate at -0.1% and the yield on the 10-year bond at about 0%, as was largely anticipated.

A one-week low of 134.87 yen to the dollar was reached, while Japanese government bonds and the Nikkei share average rose.

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