BoJ to Keep Monetary Policy Unchanged
The Bank of Japan kept monetary policy steady on Thursday but said it would re-examine economic and price developments more thoroughly at its next policy meeting in October.
"The BOJ judges that it is becoming necessary to pay closer attention to the possibility that the momentum towards achieving its price target will be lost," the central bank said in a statement. "Taking this situation into account, the BOJ will re-examine economic and price developments at its next policy meeting, when it updates the outlook for economic activity and prices," it said.
The BOJ maintained its short-term interest rate target at -0.1% and a guide of 10-year government bond yields around 0%.