BOJ Cuts Economic View for Second Month While Keeping Policy
This article is for subscribers only.
Japan’s central bank lowered its assessment for the nation’s economy for a second straight month while refraining from boosting monetary stimulus, citing easy domestic financial conditions.
Bank of Japan Governor Masaaki Shirakawa and his policy board kept the central bank’s asset-buying fund at 20 trillion yen ($257 billion), and its credit-lending program at 35 trillion yen, it said in a statement in Tokyo today. The benchmark interest rate was held at a range of zero to 0.1 percent. The unanimous decisions were in line with predictions of all 14 economists surveyed by Bloomberg News.