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The current key discount rate at the Bank of Japan, which has stood at a record low for two years, is good for the economy, the vice finance minister said Sept. 8.

Takeshi Komura said after looking at the positive and negative effects of the present easy-money policy, he believes the current rate level is a benefit. “We commend the decisions that the Bank of Japan has made on this matter,” Komura told a news conference. Sept. 8 marked the start of the third year in which the discount rate has been held at 0.5 percent.

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