Sunday, October 2

BOJ keeps ultra-low rates, dovish policy bias

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TOKYO — The Bank of Japan maintained its ultra-loose monetary policy and dovish policy guidance on Thursday, remaining an outlier among a wave of central banks raising interest rates to combat soaring inflation.

As widely expected, the BOJ kept unchanged its -0.1% target for short-term interest rates, and 0% for the 10-year government bond yield by a unanimous vote.

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BOJ Governor Haruhiko Kuroda is expected to hold a news conference at 3:30 pm (0630 GMT) to explain the policy decision. (Reporting by Leika Kihara, Tetsushi Kajimoto, Daniel Leussink and Kantaro Komiya Editing by Chang-Ran Kim)

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