The Bank of Japan maintained its ultra-loose monetary policy at the first central bank meeting of this year, which was largely expected by the market.
The resolution was unanimous among the central bank’s policymakers to keep interest rates at -0.1% and to stick to its yield curve control that has the upper limit for 10-year Japanese government bond yield at 1%.
Polls by economists in Reuters also showed that the decision to hold rates was expected at the meeting this month, which leaves the Bank of Japan the only central bank in the world with negative rates.
