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- Bank of Japan keeps its monetary policy unchanged
Bank of Japan keeps its monetary policy unchanged
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 BoJ board members voted 8-1 to keep monetary policy unchanged.
The BoJ noted that the country's economy continued to recover moderately.
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