Bank Of Japan Tweaks Policy, But Keeps Minus Interest Rate Unchanged

September 21, 2016 5:45 AM

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Bank Of Japan Tweaks Policy, But Keeps Minus Interest Rate Unchanged

Tokyo: Japan's central bank opted Wednesday to keep its monetary easing strategy mostly as is, while tweaking its asset purchases to push yields on long-term government bonds higher.

The technical adjustments to the Bank of Japan's policies were widely expected, though many analysts had expected an interest rate cut or other more aggressive moves to perk up sluggish growth in the world's No. 3 economy.

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