Asia-Pacific

Japan's central bank keeps key rate at 0 to 0.1%

(Xinhua)
Updated: 2011-04-07 13:13

TOKYO - The Bank of Japan (BOJ) decided on Thursday to keep its key interest rate at zero to 0.1 percent to spur the country's economy.  

The Japanese central bank warned that the country's economy was faced with strong downward pressure due to the March 11 earth quake and ensuing tsunami.

It also announced a 1 trillion yen (about $11.7 billion) loan program.