Tuesday, February 15, 2011

Bank of Japan Holds Rate at 0.10%

The Bank of Japan announced it would keep its overnight call rate target at zero to 0.1 percent, and maintained the size of its asset purchase program at 5 trillion yen (about 60 billion U.S. dollars). The Bank of Japan also raised its assessment of the Japanese economy, noting "Japan's exports and production are showing signs of resuming an uptrend," yet that the domestic economy's upside and downside risks remain relatively balanced.



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