The Bank of Japan decided Thursday to keep its unsecured overnight money rate target unchanged at 0.25 percent.
During a previous board meeting on Aug. 11, the BOJ terminated its 18-month-old “zero-interest-rate” policy despite fierce opposition from the government.
The nine-member policy board made its most recent decision by a majority vote, effectively affirming its decision to discard the ultraeasy monetary policy.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.