The Bank of Japan (BoJ) released its interest rate decision on Wednesday. The BoJ kept its monetary policy unchanged. The central bank will expand its monetary base at an annual pace of 80 trillion yen.

The BoJ revised up its view on exports and factory output.

The BoJ Governor Haruhiko Kuroda said at the press conference that the central bank is on course to achieve its 2% target by around the middle of next year. He also said that inflation was slowing due to falling energy costs.

The BoJ governor noted that he wishes a stable yen.

Kuroda pointed out that there no need for additional easing.