Bank Of Japan Maintains Monetary Policy

Bank of Japan maintains monetary policy

The Bank of Japan has decided to maintain its policy of massive monetary easing to support the country's economy during the coronavirus pandemic.

In a two-day policy meeting that ended on Tuesday, the central bank also decided to increase its financing support for businesses to about one trillion dollars.

Japan's Central Bank Steps Up Stimulus

Japan's central bank steps up stimulus

The Bank of Japan has unveiled a package of additional measures to stimulate the economy and help companies hit hard by the coronavirus.

Policymakers held a one-day session on Monday, instead of their regular two-day meeting, to deal with the urgent situation.

China Central Bank Cuts Rate Amid Virus Outbreak

China central bank cuts rate amid virus outbreak

China's central bank has lowered the benchmark rate by 0.1 percentage point to try and help businesses weather the coronavirus outbreak.

The People's Bank of China announced that this month's Loan Prime Rate is 4.05 percent, marking the first rate cut in three months.