Bank of Japan Maintains Interest Rates at Minus 0.1% and Trims Covid-19 Funding Support

The Bank of Japan (BOJ) on Friday maintained its short-term interest rates at minus 0.1 percent while keeping the borrowing costs low for companies and households by guiding 10-year Japanese government bond yields around zero percent.

Moreover, the central bank also decided to cut its Covid-19 funding support for large companies, while keeping a scaled-back version to assist smaller firms until September 2022.