BoJ leaves policy on hold, emphasizes need to "stabilize" underlying inflation at around 2%
BoJ Policy Board votes 8-1 to leave policy rate around 1%; Takata dissents and argues for rate hike
Outlook Report notes risk of underlying inflation exceeding 2%, reflecting Bank's assessment at time of June rate hike
Bank emphasizes importance of stabilizing underlying inflation at around 2% and suggests policy phase is shifting