Bank of Japan Interest Rate Hold

TOKYO-Japan's central bank on Friday kept interest rates unchanged and refrained from easing measures further, choosing to not increase the asset purchase program announced last month.


Japan's central bank or the Bank of Japan (BoJ) said in a statement that its board had agreed to keep the policy rate at between zero and 0.1 percent, while it also maintained its asset purchase program 80 trillion yen (1.02 trillion U.S. dollars) in place.

Last month, the BoJ announced plans to raise a fund of 10 trillion yen, due to increasing pressure on the central bank to follow a similar move by its partners in Europe and the United States.

Economic and fiscal policy minister Seiji Maehara recently attended a policy meeting on Friday, which some saw as a move to pressure the government to implement further monetary easing.

Maehara, who also served as minister of national strategy, is the economic and fiscal policy minister who attended the first meeting since Heizo Takenaka in 2003.

Ahead of the meeting, Maehara, who took office on Monday, said he wanted to attend the meeting "based on the government's position calling for easing measures financial strength to end deflation." (Ant / HRB)
source: http://www.investor.co.id

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