Bank of Japan to maintain ultralow rate policy - Tokyo News

Tokyo, Sep 22 (IANS) The Bank of Japan on Thursday announced to maintain its ultralow rate policy, bucking the global trend of tightening policy to restrain soaring inflation.

by IANS | Updated Sep 22, 2022

Bank of Japan to maintain ultralow rate policy - Tokyo News

At the end of a two-day policy meeting, the central bank set short-term interest rates unchanged at minus 0.1 per cent, in line with expectations, amid moves to support the economy by guiding 10-year Japanese government bond yields around zero per cent, reports Xinhua news agency.

The yen has been falling sharply against the US dollar, shortly after the Federal Reserve went ahead with another interest rate hike.

On Thursday, the US dollar rose above the 145-yen line in Tokyo trading, hitting a 24-year high.

September 22, 2022 Other Tokyo

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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