ALSO READBOJ offers brighter view on regional Japan economies BOJ keeps policy on hold, brightens view of economy Cautious BOJ raises growth forecast as economy shows flickers of life BOJ seen offering brighter view of economy, keep policy on hold BOJ's Masai - Big yen swings cause of concern for Japan
TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Thursday and maintained a cautiously optimistic view on the economy, signalling that no expansion of monetary stimulus was forthcoming in the near future.
At the two-day policy meeting that ended on Thursday, it also kept its yield target for 10-year Japanese government bonds around zero percent.
After more than three years of huge asset purchases failed to accelerate inflation to its 2 percent target, the BOJ revamped its policy framework last September to one targeting interest rates.
(Reporting by Leika Kihara, Stanley White, Kaori Kaneko and Minami Funakoshi; Editing by Chris Gallagher)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)