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© Reuters. FILE PHOTO: Security Officer Pbades Bank of Japan Headquarters in Tokyo
TOKYO (Reuters) – The Bank of Japan on Friday maintained its monetary policy and proposed a darker badessment of exports and production, stressing that overseas risks could undermine a fragile economic recovery.
The central bank has also changed its vision of the overall Japanese economy, highlighting the impact of slowing growth abroad.
In a widely anticipated move, the BOJ has maintained its short-term interest rate target at minus 0.1% and a promise to guide 10-year government bond yields around zero percent. .
The decision to maintain its interest rate targets was taken by 7 votes to 2, with the members of the board dissenting, Goushi Kataoka and Yutaka Harada.
The central bank said that exports recently showed some weakness. In his previous review in January, he said that their trend was up.
BOJ Governor Haruhiko Kuroda will hold a press conference at 15:30. (06:30 GMT) to explain the political decision.
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