BOJ Remains Steady

The Bank of Japan largely stayed the course in its policy decision Friday, sticking with its current level of monetary easing, but it also took steps to improve its transparency.

The central bank also plans to reduce the number of policy meetings to eight times a year from the 14 currently, while increasing the number of economic outlook reports to four from two currently.

In an 8-1 vote, the central bank pledged to increase base money at an annual pace of 80 trillion yen ($660 billion) through purchases of government bonds and risky assets.