Japan's central bank maintains monetary policy

Japan's central bank kept its monetary policy unchanged Friday but said it was prepared to provide extra cash to maintain stability in the financial markets.

As widely expected, the Bank of Japan's policy board at a two-day meeting starting Thursday held steady its target for extra cash in the financial system at 20 trillion yen ($166 billion).

The bank also buys 1.2 trillion yen ($10 billion) of government bonds each month.

Analysts had expected the Bank of Japan to keep its policy unchanged.


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