BOJ Maintains Stimulus as Pressure Rises to Talk About Exit
- Central bank raises its assessment of private consumption
- Inflation expectations remain in a weakening phase in Japan
BOJ Keeps Policy on Hold, Maintains Outlook
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With inflation still distant from its target, the Bank of Japan left its monetary stimulus program on cruise control, saying improving private consumption will support a growing economy.
The policy statement Friday came on the heels of the Federal Reserve’s third interest rate increase since December, underscoring how the BOJ continues to fall behind its global peers in normalizing policy. It will continue to manage the yield curve through a negative interest rate and buying trillions of yen worth of bonds, as expected by economists surveyed by Bloomberg.