As yen slides, Japan clings to near-zero interest rates

BOJ's latest defense of ultraloose policy puts it further behind inflation-fighting curve

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The yen has slumped against a broad range of currencies. (Photo by Takuya Ikeda)

KENICHI ONOZAWA, RYO SAEKI and DAISUKE NAKAMOTO, Nikkei staff writers

TOKYO -- The Bank of Japan's latest move to defend ultralow interest rates shows its commitment to holding the line, even as it falls out of step with other big central banks and risks deepening a yen sell-off, analysts say.

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