Original title: The Bank of Japan kept its benchmark interest rate unchanged and announced new measures to combat climate change Source: Wenhua Finance
Wenhua Finance (edited by Lou Yiting)–According to foreign news on June 18, the Bank of Japan maintained its benchmark interest rate at -0.1% after ending its two-day meeting on Friday to reduce the yield of 10-year Treasury bonds. The rate target remains unchanged at around 0%, which is in line with market expectations.
The Bank of Japan will extend the COVID-19 financing support measures until March 2022.
The Bank of Japan has also extended the expiration time of its COVID-19 loan measures by six months, giving Japan more time for vaccination efforts to take effect. Most economists anticipated this decision.
The Bank of Japan announced that it will launch a new tool to support efforts to combat climate change.
In terms of climate change, the Bank of Japan stated that supporting the private sector’s efforts on these issues from the perspective of the central bank will help stabilize the macro economy in the long term.
The Governor of the Bank of Japan Haruhiko Kuroda is expected to hold a press conference in Tokyo at around 3:30 pm (2:30 pm Beijing time).
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