BOJ keeps policy steady, sticks to rosy economic view
"Japan's economy is expanding moderately, with a virtuous cycle from income to spending operating," the BOJ said in a statement announcing the policy decision.
In a widely expected move, the BOJ maintained its short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent.
The decision was made by an 8-1 vote with board member Goushi Kataoka dissenting on the view that the BOJ should speed up bond buying to further push down longer-term yields.
BOJ Governor Haruhiko Kuroda will hold a news conference at 3:30 p.m. (0630 GMT) to explain the policy decision.
(Reporting by Leika Kihara, Stanley White, Tetsushi Kajimoto and Minami Funakoshi; Editing by Chang-Ran Kim and Chris Gallagher)