The decision, which was made unanimously, comes as the bank has indicated it will be paying particular attention to events in Europe.
Japanese economic activity has improved somewhat, with exports and public investment increasing, and annual CPI (excluding fresh food) still at 0%.
Meanwhile the Governor of the Bank of England, Mervyn King, and Chancellor George Osborne have announced further measures to try and help support the British economy.
Speaking at The Mansion House the Chancellor and Governor emphasised their commitment to taking action on liquidity to bolster confidence in the UK and its financial sector.
Source:
bankingtimes.co.uk
