Japan keeps interest rates at record low

The Bank of Japan has kept interest rates static at between 0% and 0.1% in a bid to boost the nation's economy and rein in inflation.

The $61bn (£39bn) stimulus package passed by the government last month remains unchanged, although the central bank has said it stands ready to continue to provide liquidity to support demand. The Bank of Japan suggested it may need to loosen monetary policy next year on the back of weak output and poor business sentiment. “Japan's economy still shows signs of a moderate recovery, but [it] seems to be pausing,” a Bank spokesperson said. “Exports have been more or less flat. Corporate profits have continued to grow, albeit at a slower pace. "The Bank will continue to carefully ex...