| Japan's central bank keeps key interest rate at zero to 0.1 pct |
| Last Updated(Beijing Time):2012-05-23 12:09 |
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The Japanese central bank on Wednesday kept its key interest rate unchanged at zero to 0.1 percent, and stopped short of taking further monetary easing steps.
The Bank of Japan (BOJ) decided to leave 70 trillion yen (about 880 billion U.S. dollars) asset purchase program in place after a two-day policy board meeting.
The BOJ announced in the previous meeting in late April to increase its asset-buying program by another 5 trillion yen to 70 trillion yen in a bid to ease monetary conditions and spur economic growth.
The program enabled the BOJ to purchase government and corporate debt, and other risky assets.
The BOJ also noted "nervousness" shown in recent moves on financial markets as concerns over the euro zone debt crisis were renewed. |
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