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Tuesday, October 13, 2009

BOJ left its policy rate unchanged at 0.10 pc

The Bank of Japan kept markets guessing on Wednesday on the future of its support for corporate finance, avoiding any reference to the measures in a statement after its latest policy review.

The central bank had been tipped to decide whether it would start withdrawing support for corporate finance, despite government criticism that the economy was still unstable.

Although it made no reference to funding measures in its statement, the central bank repeated its assessment that financial conditions were increasingly showing signs of improvement.

It left its policy rate unchanged at 0.10 percent, as a widely expected, and upgraded its view on the economy, saying it was recovering.

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