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Covid-19 impact: BOJ eases policy further, ramps up risky assets purchase

The BOJ left unchanged its short- and long-term interest rate targets buy a 7-2 vote.

Topics
Coronavirus | Bank of Japan | ETFs

Reuters  |  Tokyo 

The Bank of Japan on Monday eased monetary policy further by ramping up purchases of exchange-traded funds (ETFs) and other risky assets to combat the widening economic fallout from the coronavirus epidemic. The BOJ left unchanged its short- and long-term interest rate targets buy a 7-2 vote. "The BOJ will take additional monetary easing steps as needed without hesitation with a close eye on the impact from the coronavirus epidemic for the time being," it said in a statement after a hastily called emergency meeting. Monday's meeting replaced a regular rate review ...

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First Published: Mon, March 16 2020. 14:03 IST
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