Bank of Japan maintains negative interest rate

2% inflation target

The Bank of Japan's monetary policy committee has unanimously agreed to keep interest rates at -0.1%.

Today's (16 June) decision reinforced the one taken at the previous meeting at the end of April, the first for newly appointed governor Kazuo Ueda. The BoJ said despite high commodity prices, the Japanese economy has picked up in contrast with overseas economies, which are facing a slower pace of recovery. Fed makes 'hawkish skip' in first rate pause of cycle It added corporate profits have also reached high levels, with a moderate increase to business fixed investment alongside employment and income. However, the central bank highlighted housing investment has remained weak in ...