The central bank of Japan maintained its monetary policy on Thursday. Moreover, they elucidated their plan to keep the borrowing rates at a very low rate for a longer period of time, at least until the “spring” season of 2020.
In highly anticipated action, the Boj aims around minus 0.1 percent as their short-term interest rate and extended their long-term interest rates. At the same time, they vowed to keep the 10-year government bonds into zero percent.
Although, the central bank did not specify the length of time in implementing very low-interest rates. BOJ Governor Haruhiko Kuroda is scheduled to hold a news conference today at 06.30 GMT.