Tokyo-agencies :
The Central Bank of Japan announced on Friday that interest rates will be fixed at low levels of minus 0.1 percent while maintaining the yield on Japanese 10-year government bonds at levels between zero percent and 0.5 percent.
The bank said in a press release that it will support financing operations, especially for companies, in addition to maintaining stability in the financial markets..He added that he would not hesitate to take additional mitigation measures if necessary.
He pointed out that the world's third largest economy is likely to recover from the repercussions of the novel coronavirus (covid-19) soon, although it is expected to be subjected to downward pressure caused by rising commodity prices and the slowdown in foreign economies.
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