HiFX Pty Ltd | BOJ keeps interest rates at 0.10%
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BOJ keeps interest rates at 0.10%


7 April 2010

The Bank of Japan kept interest rates on hold on Wednesday and said the economy was continuing to pick up, but analysts say prolonged deflation is likely to keep government pressure simmering for further monetary easing. "Japan's economy has been picking up, mainly due to improvements in overseas economies and various government policy steps, although it lacks a self-sustained recovery in domestic private demand," the BOJ said in a statement announcing its unanimous decision to keep interest rates on hold at 0.1 percent. The central bank maintained its commitment to keep monetary conditions very easy and said it was important to pull Japan out of deflation. In a press conference, Bank of Japan Governor Masaaki Shirakawa said that the sustainability of Japan's economic pickup was becoming clearer.

 

 

 

 

 


 

 


 

 

 




 

 

 

 


 


 

 

 












 






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