The Bank of Japan is keeping monetary policy unchanged but has again reserved the right to change the decision at short notice.
Following a one-day policy board meeting, the central bank decided by unanimous vote to maintain the level of liquidity in the financial system by leaving unchanged the level of targeted reserves in its current account around 10 trillion yen to 15 trillion yen (€84 billion-€126.5 billion).
"Should there be a risk of financial market instability, such as a surge in liquidity demand, the bank will provide more liquidity irrespective of the guideline above," the central bank said.
That statement was identical to one released after its previous board meeting on April 11th.
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AFP