Bank of Japan keeps monetary policy intact, negative interest rate at minus 0.1%

September 21, 2016 5:45 AM

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Bank of Japan keeps monetary policy intact, negative interest rate at minus 0.1%

The Bank of Japan on Wednesday decided to adopt a target for long-term interest rates in an overhaul of its massive stimulus programme.

The Bank of Japan added a long-term interest rate target to its massive asset-buying programme on Wednesday, overhauling its policy framework and recommitting to reaching its 2 percent inflation target as quickly as possible.

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