Tokyo, Sept. 19 (Jiji Press)–The Bank of Japan decided to keep its monetary policy unchanged at a two-day Policy Board meeting that ended Friday. The board decided, by a vote of seven to two, to maintain the policy of guiding the unsecured overnight call rate, Japan’s benchmark short-term interbank lending rate, to around 0.5 pct. The Japanese central bank also decided to sell exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITs) purchased as part of its large-scale monetary easing program. END [Copyright The Jiji Press, Ltd.]
BOJ Keeps Monetary Policy Unchanged
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