Bank of Japan maintains current monetary policy

The Bank of Japan said in a statement released Friday 31 October after its Policy Board meeting that it would continue with its ultra-loose policy aimed at keeping the overnight loan rate at virtually zero.

Source: AFX Europe

Japan's central bank indicated it will maintain its ultra-easy policy, aimed at keeping its overnight loan rate at virtually zero by flooding the short-term money market with liquidity.

The bank will conduct money market operations with the aim of keeping the outstanding ba