The Bank of Japan kept its ultra-loose monetary policy steady, retaining all parameters of the stimulating programs without changes.
The target yield of 10-year government bonds was left at around zero percent. The BOJ maintained its short-term deposit rate at minus 0.1% The central bank also left the volume of the asset repurchase program unchanged at an annual rate of 80 trillion yen ($750 billion).
Japan's economy is growing at a moderate pace. Foreign economies as a whole continue to grow steadily: in this situation, exports are on an upward trend. As for domestic demand, business investment in fixed assets continue increase, the profitability of companies and business confidence are improving, the BOJ said.