The BOJ's decision, underpinned by cautious optimism that the economic damage wrought by coronavirus crisis is gradually healing, came hours after Britain became the first G7 economy to hike interest rates since the onset of the pandemic.
"The upshot is that the Bank of Japan will remain among the few central banks that won’t tighten policy for the foreseeable future." But it decided to slow purchases of corporate bonds and commercial paper to pre-pandemic levels from April, in a nod to sharp improvements in big firms' financial conditions.
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