The Bank of Japan kept its ultra-loose monetary policy unchanged at outgoing governor Haruhiko Kuroda’s last policy meeting today (March 10).

The BoJ’s nine-member policy board unanimously decided to leave the central bank’s short-term interest rates unchanged at -0.1%. It also kept its target for yields on 10-year Japanese government bonds at around 0%.

The central bank also maintained its commitment to allow the 10-year bond yield to move 50 basis points either side of its 0% target. The BoJ