The Bank of Japan (BoJ) has kept its monetary policy setup unchanged following the conclusion of their January meeting on Thursday.
The central bank has stopped the key rate stable at -0.10%, maintaining an objective of the performance of the 10-year JGB at 0.00%.
The BoJ has cut its economic forecast for the current fiscal year, which ends in March, to a contraction of 5.6% from the previous forecast of a 5.5% decline.
Statement summary:
The decision on the control of the yield curve has been 7-1 in the votes.
Board member Kataoka opposes the decision on yield curve control.
Amamiya, a member of the board, was absent from the meeting.
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