Feb 15
Japan: Interest rates unchanged as
In a unanimous decision at today’s monetary meeting, the Bank of Japan (BOJ), as expected, kept its leading interest rate unchanged at 0.5%. In its monthly economic report, the BoJ overall kept its view on the economy unchanged. It still believes the economy is expanding moderately but will slow temporarily, partly because of a drop in housing investments. However, the BoJ has revised its view on the global economy and now believes “…overseas economies are likely to expand, although at a