BoJ maintains monetary easing at Kuroda’s final policy meeting

Ueda confirmed as next governor as pressure grows to abandon yield curve control

Haruhiko Kuroda
Outgoing BoJ governor Haruhiko Kuroda
European Central Bank

The Bank of Japan kept its ultra-loose monetary policy unchanged at outgoing governor Haruhiko Kuroda’s last policy meeting today (March 10).

The BoJ’s nine-member policy board unanimously decided to leave the central bank’s short-term interest rates unchanged at -0.1%. It also kept its target for yields on 10-year Japanese government bonds at around 0%.

The central bank also maintained its commitment to allow the 10-year bond yield to move 50 basis points either side of its 0% target. The BoJ

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