Breaking: BoJ maintains short-term interest rate target at -0.1%

BoJ maintains short-term interest rate target at -0.1%.

Key notes

• maintains 10-year jgb yield target around 0%.
• keeps monetary policy steady.
• decides on details of new loan scheme aimed at boosting lending to small, mid-sized firms hit by coronavirus pandemic.
• will set aside 75 trln yen for new loan programme to combat coronavirus impact.
•  will extend deadline of programme until March 2021.
• won't hesitate to ease further if needed.
• More to come