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The Bank of Japan has decided to maintain its policy of mbadive easing while pursuing its difficult target to achieve inflation of 2%. At the same time, it has lowered its badessment of exports and industrial production because of the slowdown in the Chinese economy.
BOJ officials announced the news at the end of a two-day meeting on Friday.
They agreed that the central bank would continue to buy government bonds in order to keep the benchmark 10-year return yield at around zero percent.
The short-term interest rate target will remain at minus 0.1%. This means that commercial banks will continue to pay interest to the central bank.
They also reiterated their intention to keep rates at extremely low levels for a long time.
Policymakers maintained their badessment of moderate growth in the Japanese economy, but expressed reservations about production and exports. They say that both showed some weakness.
They had stated at their previous meetings that both trends were "on the rise".
The changes come in the context of the economic slowdown in China and the stagnation of global smartphone shipments.
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