The Bank of Japan adjusted its view of inflation risks for the first time since 2014 but only nudged up its price forecasts a fraction, a combination that suggests moves toward phasing out stimulus are still a distant prospect.
The central bank kept its negative interest rate, bond yield target and asset purchases unchanged at the end of its meeting Tuesday. The stand-pat decision was widely expected given that Japan’s gradually accelerating inflation still remains far weaker than in the U.S. and other major economies.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.