TOKYO, June 16 The Bank of Japan kept monetary
policy steady on Friday and offered a more upbeat view on
private consumption and overseas economies, signalling its
confidence that the recovery was gaining momentum.
"Private consumption has increased resilience against a
background of steady improvement in the employment and income
situation," the BOJ said in a statement announcing the policy
In a widely expected move, the BOJ maintained the 0.1
percent interest it charges on a portion of the excess reserves
that financial institutions park with the central bank.
At the two-day policy meeting that ended on Friday, it also
kept its yield target for 10-year Japanese government bonds
around zero percent.
BOJ Governor Haruhiko Kuroda will hold a news conference at
3:30 p.m. (0630 GMT) to explain the policy decision.
(Reporting by Leika Kihara, Stanley White, Tetsushi Kajimoto
and Kaori Kaneko; Editing by Chris Gallagher)