The Bank of Japan kept its monetary policy unchanged and maintained its view of the economy that it will continue to grow at an modest pace even amid global trade disputes that threaten global growth.
As was widely expected, BoJ kept interest rates at -0.1% in the short term, and around zero for long-term interest rates with a total of 7 vs. 2. The Bank of Japan also kept its pledge at the July meeting that interest rates would remain low for extended period with inflation remaining low away from the 2% target.
Today's decision comes a day before the ruling party leadership race, which Shinzo Abe seems to win it, and put him on track to become Japan's longest-serving prime minister.
Abe said last week that the Bank of Japan's easing policy should not last forever, hoping to pave the way for ending the stimulus program.
