The Bank of Japan on Tuesday left its monetary policy unchanged, including its program designed to keep borrowing costs ultralow.
At the end of a two-day meeting, the Policy Board decided that short-term interest rates will remain at minus 0.1 percent while it will continue guiding 10-year Japanese government bond yields to around zero percent.
The BOJ stuck to its stance that the previously rigid 1.0 percent ceiling is now a "reference" point, a decision made in October to allow long-term yields to rise further and better reflect the economic situation.
