The Bank of Japan on Wednesday left its monetary policy unchanged, as expected by market participants, due to stability in the financial markets.

The BOJ Policy Board decided unanimously during a one-day meeting to keep its target for the outstanding balance of deposits at current accounts held by private financial institutions at the bank in a range between 27 trillion yen and 30 trillion yen.

But the BOJ said that should there be a risk of financial market instability, including a surge in liquidity demand, it will provide more liquidity regardless of the target.