Topic: BOJ keeps policy steady, offers gloomier view on exports and output
BOJ keeps policy steady, offers gloomier view on exports and output
The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and factory output, as Asian factory shutdowns caused supply-chain disruptions for some manufacturers.
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As widely expected, the BOJ maintained its short-term interest rate target at -0.1per cent and that for 10-year government bond yields around 0per cent.
"Exports and factory output continue to increase, although they are partly affected by supply constraints," the central bank said in a statement announcing its policy decision.
In July, the BOJ said exports and output continue to increase steadily.