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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