- After a series of small moves in July, the Bank of Japan is holding firm on guidance from that month that it would keep interest rates very low "for an extended period."
- The board's vote was 7-2 to maintain the benchmark short-term interest rate at -0.1%, and to keep the target for Japan's 10-year bond yield around zero, though it repeated a July promise to let the bond yield move more flexibly.
- Two dissenters argued that flexible targeting of the 10-year yield was too ambiguous.
- The bank also stuck to guidance to buy government bonds at a rate of ¥80T annually (about $712B).
- Japanese inflation is still below 1%, a ways below the bank's 2% target.
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