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Bank Of Japan Keeps Interest Rates At -0.1%

At the interest rate meeting on Tuesday (18th), the Bank of Japan kept all monetary policies unchanged as expected, the interest rate was kept at -0.1%, and the 10-year bond interest rate was at zero level. In his statement, Bank of Japan Governor Haruhiko Kuroda expects local inflation to remain at around 1% by the end of this year, adding that he believes that the current rise in inflation is mainly due to temporary factors such as rising global commodity prices. Therefore, he believes that there is no need to tighten monetary policy for the time being. Regarding the yen exchange rate, he sticks to the view that a weaker yen is good for the Japanese economy. His comments immediately disappointed yen investors.
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