Bank of Japan’s Stand Pat decision fuels more jitters in the yen

He Bank of Japan It kept interest rates stable and simplified its language on bond purchases and policies, a result that pushed the yen to a new 34-year low and sent market jitters.

The Bank of Japan on Friday maintained the range of its reference rate between 0% and 0.1% as economists expected at the end of their meeting, according to a statement reduced to just a few lines. The central bank gave no sign of reducing its bond purchases, instead saying it would buy them in line with its March decision.