The Bank of Japan kept its monetary policy unchanged, resisting political pressure for further quantitative easing. The BOJ said the decision was unanimous. The bank
reiterated its committment to provide ample liquidity if there appeared to be a risk of financial market stability. The BOJ moved to targetting market liquidity in March. But Hideyuki Aizawa, head of the LDP's influential tax panel, reportedly said the Board's decision was unsatisfactory, and further easing was needed. Aizawa added that the BOJ should set an inflation target of between 1% to 1.5%.