BOJ holds interest rate as yen hits 34-year low
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The news: The Bank of Japan has held its interest rate settings steady after the yen hit a fresh 34-year low earlier this week.
The numbers: The BOJ maintained the range for its benchmark rate between 0% and 0.1% following a two-day policy meeting, in a decision that was broadly anticipated by economists, Bloomberg reported.
The bank also made reference to buying around the same amount of government bonds as previously, noting it bought about 6 trillion yen ($59 billion) per month in the past.
The context: The governor is expected to speak to the press at 4:30pm AEST, and will likely comment on the BOJ's latest decision and the future outlook.
In March, the BoJ raised interest rates for the first time since 2007, ending the world's last negative interest rate policy.
The source: Bloomberg
