The Bank of Japan on Wednesday left its monetary policy unchanged, as expected by market participants, due to stability in the financial markets.
The BOJ Policy Board decided unanimously during a one-day meeting to keep its target for the outstanding balance of deposits at current accounts held by private financial institutions at the bank in a range between 27 trillion yen and 30 trillion yen.
But the BOJ said that should there be a risk of financial market instability, including a surge in liquidity demand, it will provide more liquidity regardless of the target.
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