FXstreet.com (Barcelona) - Bank of Japan policy board members decided to held interest rates steady at ultra-low levels Wednesday and purchase more government bonds outright to ease financing conditions in the marketplace.
The BOJ board also decided to boost its JGB purchases to Y1.8 trillion monthly and Y21.6 trillion annually. That's an increase from the Y1.4 trillion a month and Y16.8 trillion a year set in January.
The board voted unanimously to keep its unsecured overnight call loan rate unchanged at 0.10% in March. The board last lowered the policy interest rate in December, by 20 basis points.
BOJ Gov. Masaaki Shirakawa will meet the press at a post-meeting press conference starting from 0630 GMT.