TOKYO — The Bank of Japan did not change its interest rate target on Friday at Haruhiko Kuroda’s final meeting after a decade in office, but analysts expect policy to change under his successor Kazuo Ueda. are doing.
The Bank of Japan kept 10-year JGB yields capped at 0.5% and short-term interest rates at -0.1%. Bank of Japan officials say they need more time to consider the impact of their decision to raise the cap to 0.5% from 0.25% in December.
Ueda, who was nominated by Prime Minister Fumio Kishida’s government, received final approval in the Diet this week and will take over after Kuroda’s term expires on April 8.
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