BOJ Holds Rates, Drops Monthly Bond Buying Reference Figure

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BOJ Holds Rates, Drops Monthly Bond Buying Reference Figure

Bloomberg04-26

The Bank of Japan held its interest rate settings steady after a two-day meeting that took place after the yen hit a fresh 34-year low earlier this week.The BOJ kept the range for its benchmark rate ...

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The stand-pat decision was widely expected by economists.The bank dropped a reference to buying roughly the same amount of government bonds as previously and a footnote saying it bought about 6 trillion yen ($38.5 billion) per month in the past.The governor is set to hold a press conference that will likely begin at 3:30 p.m. in Tokyo to elaborate on the thinking behind the decision, the path ahead for interest rates and the inflation outlook.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}