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FINANCIAL NEWS
Bank of Japan freezes key interest rate at 0.1%
15 Jun 2010
(MENAFN) The Bank of Japan (BOJ), Japan’s central bank, said that it has decided to keep its key interest rate unchanged at 0.1 percent as widely expected, Bloomberg reported.
The decision was made after a two-day policy meeting of the Bank of Japan’s eight-member decision-making board. The bank has kept the rate unchanged since December 2008.
The central bank also unveiled a $33 billion funding scheme to boost growth of the second largest economy in the world.
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