(MENAFN) Japan's central bank decided to keep its monetary stance unaffected while monitoring the impact of its recently enforced negative interest rate policy.

Accordingly, the institute ended a two-day policy meeting by declaring it was studying risks and threats to development for the world's third-largest economy.

The BOJ projected that exports and industrial outcome would stay weak, plus inflation was likely to stay flat for now but ultimately rise to a 2pct target.

Moreover, the negative interest rate policy introduced over the previous month imposes a 0.1 percent fee on excess bank reserves held by the central bank.

Basically, injections of cash into the economy are meant to drive prices higher, prompting businesses and consumers to spend more, but demand has remained tepid.