BOJ keeps monetary easing policy

The Bank of Japan has decided to continue its massive monetary easing program to help steer the economy through the coronavirus pandemic.

The BOJ decision came at a two-day policy meeting that ended on Wednesday.

The central bank said it would maintain its negative short-term interest rate and keep buying government bonds to hold their yields around zero percent.

The BOJ says it will closely monitor the pandemic's impact on the economy. It said that it is ready to take more easing measures if needed.