BOJ keeps monetary policy steady in June, extends pandemic-relief programme

The Bank of Japan (BOJ) kept its monetary policy settings unchanged following the conclusion of its two-day monetary policy review meeting on Friday.

The central bank kept the benchmark policy rate on hold at -10bps while maintaining its pledge to buy J-REITS at an annual pace of up to JPY180 bln.

The BOJ, as widely expected, extended a deadline for its pandemic-relief programme, in a continued to effort to stimulate the fragile economy and tepid inflation.

more to come ...