Bank of Japan keeps rates steady, raises economic assessment

At the monetary policy meeting held today, the Bank of Japan (BOJ) maintained short-term interest rate target at 0.1%, maintained 10-year JGB yield target around zero percent. 

The central bank revised its outlook on exports and output and said the economy is likely to turn to moderate expansion. “Risks to the outlook include developments in US economy, impact of US monetary policy on global markets”, says BOJ.