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BOJ Keeps Key Rate at 0.75%, In Line; Yen Stabilizes
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The Bank of Japan (BOJ) decided by an 8-to-1 vote to maintain the interest rate at 0.75%, meeting expectations. In view of the real interest rate being markedly low, if the economic activity and price expectations in the January Outlook Report are realized, the BOJ will continue to raise interest rates and adjust the degree of monetary policy easing. Following the announcement of the interest rate decision, the yen stabilized in the Asian session, slightly rising by 0.1% to 159.63 against the US dollar. AASTOCKS Financial News Website: www.aastocks.com |
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