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BOJ keeps policy steady, offers gloomier view on exports and output By Reuters

by Mike Robinson

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TOKYO (Reuters) – The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and factory output, as Asian factory shutdowns caused supply-chain disruptions for some manufacturers.

The BOJ kept its target for short-term interest rates at -0.1%, while the 10-year yield for government bonds was around 0%. This is consistent with what many expected.

In a statement, the central bank stated that exports and factory output continued to grow, despite being partly affected supply constraints.

According to the BOJ, exports continue to rise steadily in July.

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