BOJ plans to keep interest rates very low until early 2020

The central bank of Japan maintained its monetary policy on Thursday. Moreover, they elucidated their plan to keep the borrowing rates at a very low rate for a longer period of time, at least until the “spring” season of 2020.

In highly anticipated action, the Boj aims around minus 0.1 percent as their short-term interest rate and extended their long-term interest rates. At the same time, they vowed to keep the 10-year government bonds into zero percent.

Although, the central bank did not specify the length of time in implementing very low-interest rates. BOJ Governor Haruhiko Kuroda is scheduled to hold a news conference today at 06.30 GMT.