Bank of Japan ends quantitative-easing policy

The Bank of Japan voted 7-1 to end its five-year-old super-easy monetary policy on Thursday 9 March at the end of a two-day meeting, but said it will maintain short-term interest rates near zero until its next meeting in April.

"At the monetary policy meeting held today, the Bank of Japan decided to change the operating target of money market operations from the outstanding balance of current accounts at the bank to the uncollateralized call rate," the BoJ said in a statement.

The central bank