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TOKYO—The Bank of Japan said it will conduct a review of monetary policy but left its interest-rate targets unchanged with inflation expected to fall below 2% soon.
At the end of new governor Kazuo Ueda’s first policy-setting meeting Friday, the BOJ decided to maintain its cap on the 10-year Japanese government-bond yield at 0.5% and kept short-term interest rates at minus 0.1%. Mr. Ueda succeeded Haruhiko Kuroda as BOJ governor in early April.
The…
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