The Bank of Japan retained its monetary base and benchmark unchanged, and held fire on amplifying its monetary stimulus, as policymakers measure the effect of negative rates they adopted in January.
In a statement, BOJ Governor Haruhiko Kuroda and officials decided to keep the monetary base and the negative rate still at -0.1%. Following the decision, the yen climbed to ¥113.53 to the US dollar.
The central bank said it will evaluate threats to economic activity and prices and take more steps to attain price stability goal.
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