Japan maintains 0.5% target as Fukui steps down

The Bank of Japan opted to keep rates on hold for the 15th straight vote.

It is the fourth time in a row that the nine-member council has unanimously backed the decision to keep the benchmark overnight uncollateralised call rate at 0.5%.

Toshihiko Fukui, the governor of the central bank who is due to depart on 19 March, veered little from the central bank's stance in his comments following the decision.

"Fukui remained reasonably upbeat, acknowledging slower growth overseas, but maintaining

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: