NEWS: The Bank of Japan Maintains Monetary Policy Stability
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The Bank of Japan maintained its monetary policy unchanged on Friday, downgrading its assessment of exports and output, acknowledging that rising overseas risks could threaten the country's fragile economic recovery.
The Bank of Japan has also adjusted its view on the domestic economy as a whole, pointing to the impact of the slowdown in overseas growth.
The Bank of Japan maintained its short-term interest rate target at negative 0.1% and promised to guide the yield of 10-year bonds to near zero, in line with widespread expectations.
With a 7-2 vote, the Bank of Japan agreed to maintain the interest rate target unchanged, while the deliberative committee members Kazuoka and Takeshi Harada voted against it.
The Bank of Japan said exports showed some signs of weakness recently. In its previous assessment in January, the central bank said that exports were "showing a trend of growth".
Bank of Japan President Yoshihiko Kuroda 0630 GMT will hold a press conference to explain policy decisions.