Nov 21
Japan: BoJ leaves interest rates unchanged
The Bank of Japan (BoJ) as expected left its leading O/N target rate unchanged at 0.3% in a unanimous decision by its board members. In its statement the BoJ said that the economy has been increasingly sluggish. In addition it stressed the increasing downside risk due to both bleak outlook for he global economy and financial conditions in general. On the other hand, the BoJ believes that upside risk on prices has decreased.
