Boj may leave policy unchanged after cutting rates to near zero
The Bank of Japan will probably leave policy unchanged this week to gauge whether cutting interest rates to near zero and pledging to buy financial assets will shield the economy from the yenâ??s advance to a 15-year high.
``A further rate cut will do nothing to ignite our already faltering economy. While causing savers further pain, an interest rate of 0.5% is unlikely to result in any significant improvements for the nation's borrowers.