After the yen hit a 34-year low earlier this week,1uparcadegames, the Bank of Japan held a two-day meeting on Friday1uparcadegamesThe interest rate policy remained unchanged at the end of the policy meeting of the Group.
According to a policy statement, the Bank of Japan maintains its benchmark interest rate range at 0%-01uparcadegames.1%。Economists generally expected the decision to stay put.
In its statement, the bank removed the suggestion that it purchased roughly the same amount of government bonds as before, with a footnote showing that it used to buy about 6 trillion yen ($38.5 billion) of government bonds per month.
After the policy decision was announced, the yen initially fluctuated between intraday highs and lows before falling. At 12:33 Tokyo time, the yen fell 0.0% against the US dollar1uparcadegames.3% to 156.04, setting a 34-year low.
Bank of Japan Governor Kazuo Ueda will hold a press conference at 15:30 local time to elaborate on the thinking behind the decision, the future interest rate path and inflation prospects.
