Bank of Japan holds key rate at zero

TOKYO, Feb. 9 (UPI) -- Japan's central bank Thursday held a key interest rate at zero, despite signs deflation may be ending.

The Bank of Japan said core consumer prices rose in December by 0.1 percent for the second month in a row, but the BoJ indicated it wants further proof that deflation has ended, the BBC reported.

In its latest monthly report, the bank said prices were likely to keep rising as Japan's economic recovery continues.

Analysts say they think the bank will wait until April before changing its policy.