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BOJ signals confidence in Japan's economy after standing pat

But Gov. Kuroda warns of downside risks in overseas economies amid trade war

BOJ Governor Haruhiko Kuroda speaks during a news conference at the BOJ headquarters in Tokyo on Dec. 20. (Photo by Karina Noka)

TOKYO -- The Bank of Japan kept its monetary policy unchanged on Thursday, maintaining that the nation's economic expansion remains intact despite increased market volatility and the trade war between the U.S. and China.

"The impact of the trade conflict on the Japanese economy has been limited so far," Gov. Haruhiko Kuroda said in a news conference Thursday after a two-day policy meeting. "While it is necessary to carefully monitor various risks in the economy, our view that the economy will continue to expand at a gradual pace."

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