On their meeting at Tuesday, Bank of Japan policy board voted to keep interest rates unchanged at ultra-low levels as the central bank takes time to gauge the effectiveness of its previous measures.
The BOJ board voted unanimously to keep its unsecured overnight call loan rate unchanged at 0.10%. The board last lowered the policy interest rate in December, by 20 basis points. Earlier this week, the Japanese government also lowered its economic outlook to a record 3.3% fall for fiscal 2009.
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