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Bank of Japan holds steady on rates, cautious on future outlook

Investing.com -

Investing.com - The Bank of Japan held policy steady as expected on Thursdayin a 7 to 2 vote with the remarks cautious as well on the price outlook and possible reviews of the 10-year bond yield target if the economy recovers as expected.

The BoJ maintained its short-term interest rate target of minus 0.1% and a pledge to guide the 10-year government bond yield at around zero percent via aggressive asset purchases of ¥80 trillion annually.

Governor Haruhiko Kuroda will hold a news conference at 3:30 p.m. (0630 GMT).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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