BOJ keeps policy steady, offers gloomier view on exports and output

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TOKYO — The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and factory output, as Asian factory shutdowns caused supply-chain disruptions for some manufacturers.

As widely expected, the BOJ maintained its short-term interest rate target at -0.1% and that for 10-year government bond yields around 0%.

“Exports and factory output continue to increase, although they are partly affected by supply constraints,” the central bank said in a statement announcing its policy decision.

In July, the BOJ said exports and output continue to increase steadily. (Reporting by Leika Kihara, Tetsushi Kajimoto and Daniel Leussink Editing by Chang-Ran Kim)