BOJ Maintains Stimulus, Vows to Continue Unlimited Bond Buying

BOJ Maintains Stimulus, Vows to Continue Unlimited Bond Buying
A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo on May 22, 2020. Kim Kyung-Hoon/Reuters
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TOKYO—The Bank of Japan maintained its massive stimulus on Thursday and pledged to continue buying unlimited amounts of 10-year government bonds to defend its implicit 0.25 percent cap, signaling its resolve to focus on supporting a fragile economy.

The BOJ also left unchanged its guidance to keep its interest rate targets at current or lower levels.