BOJ Sticks to Easing as Some Board Members Cautious on Outlook
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The Bank of Japan maintained its unprecedented easing and forecast inflation will reach its target, even as some board members cautioned that the price outlook was too optimistic.
Governor Haruhiko Kuroda’s board stuck with a pledge to expand the monetary base by 60 trillion to 70 trillion yen ($711 billion) a year, in a decision in Tokyo today. Japan will see average inflation of 1.9 percent in the 2015 fiscal year, according to the board’s median forecast, which strips out the effect of sales-tax increases -- the same forecast as in July, a separate statement showed.