BoJ maintains short-term interest rate target at -0.1%.
Key notes
- maintains 10-year jgb yield target around 0%.
- keeps monetary policy steady.
- decides on details of new loan scheme aimed at boosting lending to small, mid-sized firms hit by coronavirus pandemic.
- will set aside 75 trln yen for new loan programme to combat coronavirus impact.
- will extend deadline of programme until March 2021.
- won’t hesitate to ease further if needed.
- More to come
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