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BOJ unveils plan to probe better ways to hit price goal, extends fund scheme | Malay Mail

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TOKYO, Dec 18 — The Bank of Japan today extended its fund-aid scheme for firms hit by the coronavirus pandemic and pledged to begin an examination on more effective ways to achieve its 2 per cent target, as a renewed spike in infections threatened to undermine a fragile recovery. As widely...

Friday, 18 Dec 2020 11:58 AM MYT

As widely expected, the central bank kept monetary policy steady including its pledge to guide short-term interest rates at -0.1 per cent and 10-year bond yields around zero. “Given the economy and prices are projected to remain under downward pressure for a prolonged period due to the impact of Covid-19, the BOJ will conduct an assessment on further effective and sustainable monetary easing,” it said in a statement.

 

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