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Economy

BOJ holds fire again, caps a year of inaction

Seventh consecutive quarter of GDP expansion sees waiting game continue

TOKYO -- The Bank of Japan on Thursday announced it would make no change to monetary policy, making 2017 the first year since Haruhiko Kuroda became governor in 2013 that the central bank has taken no new policy action.

The BOJ's policy board voted 8-1 to maintain an interest rate of -0.1% on some excess reserves that financial institutions keep at the bank. In addition, efforts to keep the yield on 10-year Japanese government bonds near zero will continue.

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