Tokyo - Japan's central bank announced on Friday that it was leaving its super-low interest rate unchanged as it battles renewed deflation in Asia's biggest economy.
The Bank of Japan maintained its assessment that the economy is gradually recovering from its worst slump in decades, as it held its benchmark lending rate unchanged at 0.1%, where it has been since December 2008.
"Japan's economy is picking up mainly due to various policy measures taken at home and abroad, although there is not yet sufficient momentum to support a self-sustaining recovery in domestic private demand," it said in a statement.
- AFP