Bank of Japan holds off rate change and further easing


The Bank of Japan's Monetary Policy Board today (April 10) unanimously voted to maintain its policy position, leaving rates unchanged and not responding to growing business and political pressure to introduce more easing measures.

"The Bank of Japan will encourage the uncollateralised overnight call rate to remain at around 0 to 0.1%," the Bank said in a statement.

With regard to unconventional easing measures, the central bank merely published the details of the new US dollar lending arrangemen

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