Japan's central bank maintained its ultra loose monetary policy on Friday, electing to support fragile economic growth at a time of swirling global uncertainty.
The Bank of Japan held its short-term interest rate target at -0.1% and made no changes to its yield curve control policy, in line with economists' expectations.
The Bank of Japan's short-term interest rate target has been held at -0.1% since it first adopted negative rates in 2016.
Earlier this week, the U.S. Federal Reserve left rates unchanged Wednesday after 10 straight hikes, while the European Central Bank on Thursday raised its main rates to the highest levels in 22 years.
In December, the central bank unexpectedly widened the range for the 10-year yield target to 50 basis points above and below 0%.
Persons:
Kazuo Ueda
Organizations:
Japan, Bank of Japan, U.S . Federal Reserve, European Central Bank
Locations:
Tokyo, Japan's