The Bank of Japan (BoJ) released its interest rate decision on Friday. The BoJ kept its monetary policy unchanged (interest rate: 0.00-0.10%, monetary base target: 275 trillion yen). The central bank will expand its monetary base at an annual pace of 80 trillion yen. This decision was expected by analysts.
The central bank voted 8-1 to keep its monetary policy unchanged.
The BoJ Governor Haruhiko Kuroda said at a press conference that exports were picking up. He expects that consumer price inflation to achieve the central bank's 2% target around April to September 2016.
The BoJ said that housing investment seems to pick up, while capital expenditure grew.