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BOJ Cuts Inflation Forecast While Keeping Stimulus Unchanged

  • Makes small increases to GDP estimates for this year and next
  • Upgrades view on production and exports; sees price risks
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Conning's Franklin Says BOJ QE Policy Stays in Place

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The Bank of Japan kept its stimulus policies unchanged while lowering its inflation forecast, underscoring that any exit from its unprecedented monetary easing remains far away.

The central bank will continue to use its two policy rates and asset purchases to spur prices higher, it said in a statement Thursday. The decision was expected by almost all economists surveyed by Bloomberg. The BOJ made a small increase to its growth forecasts for this fiscal year and next.