BoJ holds rates, maintains bond policy as Kuroda exits

The Bank of Japan on Friday maintained interest rates at record lows, and said it would continue with its current pace of yield curve control in the final meeting under Governor Haruhiko Kuroda, whose tenure ends in April.

The central bank maintained its short-term policy interest rate at negative 0.1%, and maintained its bond-buying policy to control yields, allowing 10-year bond yields to fluctuate by 0.5 percentage points either side of zero, after a hock change to the band in December.

Kazuo Ueda is set to take over from Kuroda with Japan’s upper house of parliament set to vote on his nomination later on Friday.

Reporting by Frank Prenesti for Sharecast.com