The Bank of Japan maintains a short-term target interest rate of -0.1%, and a 10-year target profit of JGB around zero percent.

The central bank leaves unchanged the forecast for rates and says it will keep the current extremely low rates for a long period of time.

Also, the central bank leaves unchanged the promise to buy JGB in a flexible way, so its reserves increase at an annual rate of about Y80 trillion.

The Bank supports the promise that its purchase of ETF, J-REIT will fluctuate to some extent depending on economic and price changes.

The Bank of Japan did not change its assessment of the economy, saying that Japan's economy is growing moderately.

The decision of the Bank of Japan to manage the yield curve was taken by a vote of 7 to 2. Members of the board Kataok and Harada were against it.

Board member Harada said that "allowing fluctuations in the yield of government bonds in a wider range, the central bank gives ambiguous signals." "The leading indication of the central bank should be more clearly tied to the target inflation rate," Harada said.

Kataoka did not agree with the view that inflation would reach the target level of 2%. He also said that "the central bank should lower the target level of return on 10-year government bonds and longer-term debt securities"