BOJ Keeps Stimulus Unchanged as It Trims Inflation Outlook
- Board trims CPI forecasts for current and next fiscal years
- New member Kataoka dissents again, offers aggressive ideas
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The Bank of Japan left its massive monetary stimulus program unchanged even as it trimmed its inflation forecasts, signaling further divergence ahead from its global peers.
Governor Haruhiko Kuroda and the board voted on Tuesday to maintain the central bank’s yield curve control program and asset purchases, a result predicted by all 43 economists surveyed by Bloomberg. The vote was 8-1, with new board member Goushi Kataoka dissenting.