TOKYO — The Financial institution of Japan maintained ultralow rates of interest on Friday, confirming that it gained’t be a part of the Federal Reserve and different main international central banks in tightening financial coverage.
The Japanese central financial institution stored its goal for short-term rates of interest at minus 0.1% and its goal for the 10-year Japanese government-bond yield at round zero.
Merchants have pushed down the yen this 12 months due to the widening interest-rate differential between Japan and the U.S. Following Friday’s transfer, the yen
fell to 134.25 in opposition to the greenback from round 133.30 earlier than the choice.