BOJ Keeps Rates Unchanged, Postpones 2% Inflation Deadline
- It’s the sixth time Kuroda has had to delay CPI timeline
- Growth outlook improves even as price trend disappoints
BOJ Delays Timing for Reaching 2% Inflation Target
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The Bank of Japan kept its monetary stimulus program unchanged even as it pushed back the projected timing for reaching 2 percent inflation for a sixth time.
The downgraded price outlook will raise more questions about the sustainability of the BOJ’s stimulus at time when other major central banks are turning toward normalizing their monetary policy. The European Central Bank, which is said to examine options for winding down quantitative easing, concludes its own governing council meeting later on Thursday.