The Bank of Japan maintained monetary policy unchanged on Thursday, but said it would reassess economic and price developments in greater depth at its October meeting.
"The Bank of Japan believes that it is increasingly necessary to pay closer attention to the possibility of losing momentum to achieve price targets," the central bank said in a statement.
"Considering this situation, the next policy meeting of the Bank of Japan will review the economic and price situation when updating its economic activities and price outlook," the statement said.
The Bank of Japan, as expected, maintained its short-term interest rate target at negative 0.1% and its commitment to guide 10-year bond yields to near zero.
The Bank of Japan also maintained its forward-looking guidelines and promised to maintain its current extremely low interest rates "for a long time, at least until the end of spring 2020".
The Bank of Japan voted 7-2 to maintain the interest rate target unchanged, while the deliberative committee members Kazuoka and Takeshi Harada voted against it.
Bank of Japan President Yoshihiko Kuroda 0630 GMT will hold a press conference to explain policy decisions.
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