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THE Bank of Japan (BoJ) today stuck to its monetary easing policy even as other central banks raise interest rates to tame inflation, but said it would “pay due attention” to foreign exchange markets after the yen hit a 24-year low.
The bank will hold rates at minus 0.1% and continue buying unlimited government bonds to maintain a low cap on long-term yields – part of a decade-old plan to boost the world’s third-largest economy.
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