TOKYO, March 10 (Reuters) - The Bank of Japan (BOJ) on
Friday maintained ultra-low interest rates and made no tweaks to
yield curve control (YCC), keeping its options open ahead of a
leadership transition in April.
As widely expected, the BOJ kept intact its short-term
interest rate target at -0.1% and that for the 10-year bond
yield around 0% at the two-day meeting that ended on Friday.
The BOJ also made no changes to YCC, including a 0.5% cap
set for the 10-year yield target, despite criticism in the
market that its heavy-handed intervention to defend the ceiling
was distorting the shape of the yield curve.
Governor Haruhiko Kuroda is expected to hold a news
conference at 3:30 p.m. (0630 GMT) to explain the policy
decision. Friday's meeting was the last one he chaired before
his second, five-year term ends on April 8.
(Reporting by Leika Kihara and Tetsushi Kajimoto
Editing by Chang-Ran Kim)
Messaging: leika.kihara.reuters.com@reuters.net))
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