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Bank Of Japan Leaves Deposit Rates Unchanged At -0.1%; Expands Stimulus Toolkit
Bank of Japan expands monetary stimulus.
21 Sep 2016, 10:13 AM IST 
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Haruhiko Kuroda, governor of the Bank of Japan. (Photographer Akio Kon/Bloomberg)
The Bank of Japan left its key policy rate unchanged at negative 0.1 percent, but introduced measures to boost inflation and stimulate the economy.
The Japanese central bank said it will consider expanding the monetary base if needed, until inflation is stable above the 2 percent mark. Here are some of the other highlights from BOJ’s policy meeting.
- Will introduce QQE for yield curve control.
- Will buy bonds to keep 10-year yields around current level.
- Monetary base may fluctuate to achieve yield-curve control. (The monetary base was earlier set to increase 80 trillion yen ($780 billion) every year.)
- ETF purchases to remain at 5.7 trillion yen.
