BOJ’s new boss keeps ultra-low rates, embarks on policy review

TOKYO  – The Bank of Japan (BOJ) on Friday kept ultra-low interest rates but announced a broad review of its monetary policy, laying the groundwork for new Governor Kazuo Ueda to gradually phase out his predecessor’s massive stimulus program. As widely expected, the BOJ made no changes to its yield curve control (YCC) policy that sets a short-term interest … Continue reading BOJ’s new boss keeps ultra-low rates, embarks on policy review