Bank of Japan keeps key rate at below 0.1%

NEW YORK (Forex News Now) – The Bank of Japan kept its key rate unchanged on Tuesday, in one of the day’s major realtime forex news events.

In a move that will likely impact currency market trading, the central bank kept the interest rate at between zero and 0.1%, the same mark at which it has been since being lowered from exactly 0.1% in September.

The decision went exactly as analysts had predicted, at least two major online FX trading news outlets reported.

The central bank’s board said in a statement following the unanimous decision that the economy’s recovery from the recession was “pausing.”

“The bank will continue to carefully examine the outlook for economic activity and prices, and take policy action in an appropriate manner,” the statement said.