Japan's policy board keep monetary policy same

JAPAN - The Bank of Japan's policy board voted Friday 12 October to keep monetary policy unchanged, brushing aside mounting domestic and international pressure for the BOJ to flood the banking system with more cash to help support the sagging economy.

The vote to keep policy on hold was by an undisclosed majority, the bank said.

After a two-day meeting, the bank said it will continue conducting money-market operations aimed at maintaining the outstanding balance of commercial banks' current ac

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