Bank of Japan leaves the negative key rate intact

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The Bank of Japan left the rent undisturbed. This was revealed on Friday by the rent decision of the central bank.

The Policy Council of the Japanese central bank, with a voting ratio of seven for and one against, once again used the short-term interest rate at 0.1 percent negative and wants to keep the yield on ten-year Japanese state liabilities around zero.

It is also a Special Program to Support Financing in Response to the Novel Corona Virus, with six months until the end of march 2022.

The Bank of Japan also repeated its offer of ETFs and real estate funds of 12 trillion yen per year and up to a maximum of 180 trillion yen on Friday.

The bank noted a continuing trend in the Japanese economy, despite the coronavirus crisis.

Recovery is expected to remain below pre-COVID-19 levels in the economy, and in particular in the services sector, where people-to-people contacts have been used. The bank warned on Friday to be alert to long-term risks.

The dollar was down 0.1 percent at 110.1875 yen on Friday.

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