Bank of Japan said on Thursday that it would maintain its monetary easing measures to combat chronic deflation and stimulate the nation’s economy.
The decision to maintain the policy was unanimous, Bank of Japan said.
The bank also stuck with its estimate of the economic situation, saying that the economy was improving moderately.
In April, the bank had decided to introduce aggressive monetary easing steps to achieve 2 per cent inflation within about two years in a country which has been plagued by 15 years of deflation.
The bank has been buying government bonds and riskier financial instruments to support this.