RTTNews - Wednesday, the Bank of Japan retained its key interest rate and extended its special funding measures.
The Policy Board of the central bank unanimously voted to hold the uncollateralized overnight call rate at 0.1%. The central bank also decided to extend the overnight purchases of commercial papers and corporate bonds to December 31, 2009 from September 30.
The central bank stated the bank's baseline scenario through fiscal 2010 in which expectations of medium to long term growth are assumed will remain generally unchanged and projects the economy to start recovering from the latter half of fiscal 2009.
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