Bank of Japan Forgoes Additional Easing, Betting Economy Will Turn Around
- Kuroda stands pat ahead of Federal Reserve's meeting
- Economists see increasing chance of move at end October
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The Bank of Japan refrained from boosting stimulus even after the economy shrank last quarter, betting that a resumption in growth will be enough to rekindle inflation.
The move by Governor Haruhiko Kuroda and his colleagues leaves the onus on Prime Minister Shinzo Abe’s government to compile a stimulus package to boost what evidence indicates is a lackluster recovery in the second half of the year so far.