URGENT: BOJ maintains ultraloose monetary policy to support virus-hit economy

The Bank of Japan left its ultraloose monetary policy unchanged Thursday to support the economy amid the coronavirus pandemic.At the end of its two-day policy meeting, the central bank maintained short-term interest rates at minus 0.1 percent while guiding long-term rates to around zero percent. It will also continue with measures to facilitate fundraising by struggling companies.BOJ Governor Haruhiko Kuroda will hold a press conference later in the day and is expected to announce the bank will closely cooperate with the government of Prime Minister Yoshihide Suga, who took office Wednesday, i…

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HEDGE accordingly