BOJ keeps interest rates steady, decides to start selling ETFs
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FILE PHOTO: The Japanese national flag waves at the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO (Reuters) - The Bank of Japan kept interest rates steady on Friday, but decided to start selling its holdings of exchange-traded funds (ETF) and real-estate investment trusts (REIT).
As widely expected, the central bank maintained short-term interest rates at 0.5% at the two-day policy meeting that ended on Friday. But board members Naoki Tamura and Hajime Takata dissented to the decision.
BOJ Governor Kazuo Ueda will hold a news conference to explain the decision at 3:30 p.m. (0630 GMT).
(Reporting by Leika Kihara, Makiko Yamazaki, Satoshi Sugiyama and Kantaro Komiya; Editing by Chang-Ran Kim)
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