The Bank of Japan Policy Board unanimously agreed Tuesday to maintain the current virtually zero interest rate policy while revealing details of a new lending arrangement in dollars worth the equivalent of ¥1 trillion.
As a result, following the Policy Board's two-day meeting, the BOJ will leave unchanged its credit and asset-purchasing programs totaling ¥65 trillion while keeping its key rates between zero and 0.1 percent.
"We must keep a close watch on a variety of uncertainties" over the global economy, including oil prices and the situation in Europe, BOJ Gov. Masaaki Shirakawa said after the meeting.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.