BOJ: to reestablish dollar swap agreement with Fed

The Bank of Japan said on Monday it will re-establish its dollar swap agreement with the Federal Reserve and introduce a dollar fund supply operation against pooled collateral.

"The BOJ will continue to strive to ensure financial market stability through appropriate money market operations," the central bank said in a statement.

The BOJ also decided at the emergency meeting to keep interest rates unchanged at 0.1 percent.

Hirohide Yamaguchi, one of the BOJ's two deputy governors, will hold a news conference at 2 p.m.