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FILE PHOTO: A billboard of the Bank of Japan is posted at headquarters in Tokyo, Japan, January 23, 2019. REUTERS / Issei Kato / File Photo
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 also changed its view of the entire Japanese economy, highlighting the impact of the slowdown in 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.
Report by Leika Kihara, Stanley White, Tetsushi Kajimoto and Kaori Kaneko; Edited by Chris Gallagher and Chang-Ran Kim
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