The Bank of Japan leaves policy unchanged

Chris McGrath/Getty Images The Bank of Japan has left monetary policy unchanged at the conclusion of its March policy meeting, a decision that was unilaterally expected by financial markets. Voting 7-2 in favour of the measure, the bank left interest rates unchanged and -0.1% and pledged to purchase Japanese government bonds so that 10-year yields will remain at around 0%. It said that it will conduct purchases of government bonds at an annual pace of around 80 trillion yen to achieve this. The ...