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Article: Japan's central bank leaves key lending rate unchanged
- Article from:
- AP Online
- Article date:
- March 26, 1998
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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AP Online
03-26-1998
TOKYO (AP) _ In a widely expected move, the Bank of Japan announced Thursday that it has left a key lending rate unchanged at its all-time low of 0.5 percent.
The decision was made unanimously by a four-member policy-making board, including new Bank of Japan Governor Masaru Hayami.
The 72-year-old Hayami officially assumed the central bank's top post last Friday after his predecessor, Yasuo Matsushita, resigned to take ...