Bank of Japan Keeps Key Interest Rate Unchanged at -0.1%
Tokyo | 21st December 2017
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided by an 8-1 majority vote to apply a negative interest rate of minus 0.1 percent to the Policy-Rate Balances in current accounts held by financial institutions at the Bank.
” BOJ KEEPS KEY INTEREST RATE UNCHANGED AT -0.1% “
For long-term interest rate, the Bank will purchase Japanese government bonds (JGBs) so that 10-year JGB will remain at around zero percent.
Official Press Release by Bank of Japan
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