The bank continued to keep the short-term interest rate at -0.1%, even as inflation exceeded the stated 2% target for 18 consecutive months.
Japan's central bank is allowing more flexibility in its yield curve control policy, changing the language used to describe the upper limit of Japan's 10-year government bond yield.
The Bank of Japan said in its statement that the target level for Japan's 10-year government bond yield would remain at 0%, but would take the 1% upper limit "as a reference."
