The Bank of Japan held steady on its interest rate policy today, keeping its target overnight lending rate in a range of zero to 0.1%.
The central bank did not announce any new monetary easing measures, however. The economy remains sluggish following the earthquake and tsunami in March.
Japanís markets took a hit today on corporate earnings, including a huge loss reported by Tepco, which runs the nuclear plant that was damaged in the tsunami.
The iShares MSCI Japan Index Fund (AMEX:EWJ), which includes the Japan-listed stocks of Toyota (NYSE:TM), Honda (NYSE:HMC), Mitsubishi Financial (NYSE:MTU) and Canon (NYSE:CAJ), among others, is trading down over .7% today.
The FTSE RAFI Japan Portfolio (PJO) is trading flat Friday, while the WisdomTree Japan Hedge Equity Fund (AMEX:DXJ) trades down over .7%.
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