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The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit 2 per cent in coming years, signalling its readiness to hike borrowing costs later this year. The central bank also stuck to its guidance made in March to keep buying government bonds around the current pace, dashing ...
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At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for the money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight rate call to remain at around 0 to 0.1 percent. Regarding purchase of Japanese government ...