BoJ stands pat on monetary policy

The Bank of Japan  Wednesday   stood pat on monetary policy amid jitters over volatility in the bond market threatens to overthrow Japan`s efforts to end 15 years of deflation and thwart plans to revive growth.

Board members of the Bank of Japan decided during keep the nation’s interest rate unchanged for another round between zero and 0.10% to spur the world’s third largest economic growth, to ultimately meet the long-sought 2% inflation.

Also, the BoJ kept its fiscal base plan between 60 to 70 billion yen annually, where the bank assured stimulus plans as bonds rose to the highest in five years.