Kuroda Sees Less Risk to Economy as BOJ Keeps Record Stimulus
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The Bank of Japan kept policy unchanged on Wednesday, with Governor Haruhiko Kuroda saying the economy faces less risk now than it did last year when the central bank boosted monetary stimulus to an unprecedented level.
The BOJ vowed to continue expanding the monetary base at an annual pace of 80 trillion yen ($666 billion), as forecast by all 34 economists surveyed by Bloomberg. The board voted 8 to 1 against a proposal by Takahide Kiuchi, a consistent opponent of Kuroda’s easing, to reduce the target by almost half.