The Bank of Japan announced the stabilization of the interest rate at low levels, on Friday, as well as on its guidance on low interest in the future, which means that the Japanese Central is in no hurry to exit its stimulus policy.
The Bank of Japan decided to maintain a 0.1 percent interest rate paid by financial institutions on excess reserves deposited with the central bank, and also kept ten-year government bond yields at about 0 percent after a two-day meeting that ended today.
In the statement announcing the decision, the Bank of Japan reiterated its pledge to maintain ultra-easy monetary policy as long as necessary to maintain the inflation target (which is 2 percent) in a stable manner.