Japan's central bank to maintain ultralow rate policy, yen hits new lows

Xinhua
22 Sep 2022, 09:25 GMT+10

TOKYO, Sept. 22 (Xinhua) -- The Japanese central bank on Thursday announced to maintain its ultralow rate policy, bucking the global trend of tightening policy to restrain soaring inflation.

At the end of a two-day policy meeting, the Bank of Japan set short-term interest rates unchanged at minus 0.1 percent, in line with expectations, amid moves to support the economy by guiding 10-year Japanese government bond yields around zero percent.

The yen has been falling sharply against the U.S. dollar, shortly after the U.S. Federal Reserve went ahead with another interest rate hike.

On Thursday, the U.S. dollar rose above the 145-yen line in Tokyo trading, hitting a 24-year high.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.

More Information

null in null

International

Section

Gaza War sucking life out of an Israeli generation

In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...

Faulty IT system at heart of UK Post Office scandal, says report

LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...

Travelers can now keep shoes on at TSA checkpoints

WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...

Rubio impersonator used AI to reach officials via Signal: cable

WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...

Warsaw responds to migration pressure with new border controls

SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...

Deadly July 4 flash floods renew alarm over NWS staffing shortages

WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...

Asia Business

Section