Bank of Japan keeps rates steady and says will begin selling ETFs
The Bank of Japan left its benchmark interest rate unchanged as it sought more clarity over lingering economic and political uncertainty, and announced that it will begin offloading exchange-traded funds. The BOJ stuck with its policy rate of 0.5% at the end of a two-day gathering in Tokyo on Friday, according to its statement. The outcome on rates was expected by all 50 economists surveyed by Bloomberg. The board’s vote on rates was 7 to 2, the first time Governor Kazuo Ueda faced two dissenters against holding rates.
The Bank of Japan left its benchmark interest rate unchanged as it sought more clarity over lingering economic and political uncertainty, and announced that it will begin offloading exchange-traded funds. The BOJ stuck with its policy rate of 0.5% at the end of a two-day gathering in Tokyo on Friday, according to its statement. The outcome on rates was expected by all 50 economists surveyed by Bloomberg. The board’s vote on rates was 7 to 2, the first time Governor Kazuo Ueda faced two dissenters against holding rates.
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