BOJ Holds Stimulus as Weaker Economy Challenges Kuroda
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The Bank of Japan maintained record stimulus after recent production and export data highlighted weakness that could challenge Governor Haruhiko Kuroda’s push to stoke faster inflation.
The central bank stuck with a pledge to increase the monetary base at an annual pace of 60 trillion yen to 70 trillion yen ($687 billion), the bank said in a statement today, as forecast by all 34 economists surveyed by Bloomberg News.