2015.10.3001:02:45UTC+00BOJ stands pat on rates, stimulus amid weak inflation

The Bank of Japan left its monetary policy unchanged and refrained from injecting additional stimulus even though inflation and growth waned, as Governor Haruhiko Kuroda believed the current level of stimulus is still enough to hit their 2% inflation target.

Policymakers, with 8-1 votes, decided to continue bolstering the monetary base at an annual pace of ¥80 trillion ($662 billion).

In recent months, the BOJ head has retained the view a firm economic cycle is intact, with a tight labor market and high corporate profits igniting price gains upon discounting the effect of low energy costs.

The Japanese central bank will unveil their outlook for economic growth and inflation later in the day, followed by Kuroda's news conference.