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Economy

BOJ to widen interest rate target range to support bank profits

Japan's central bank to maintain easing but scrap ETF purchase target

The Bank of Japan is poised to adjust its monetary policy implementation.   © Reuters

TOKYO -- Japan's central bank is poised to carry out monetary policy adjustments designed to increase its flexibility and make life easier for financial institutions, sources told Nikkei.

During its two-day policy meeting from Thursday, the Bank of Japan will be looking at measures that would allow long-term interest rates to move in a slightly larger range of about 0.25%, plus or minus, versus 0.2% now. The idea is to maintain low interest rates while encouraging the market to function normally, giving financial institutions a chance to increase revenue.

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