BOJ’s Kuroda Keeps Monetary Policy Unchanged

The Bank of Japan left its monetary stimulus unchanged on Thursday, indicating that the second recession since Prime Minister Shinzo Abe took office isn’t enough to alter Governor Haruhiko Kuroda’s view that the inflationary trend is improving. The BOJ’s decision to keep already unprecedented stimulus unchanged was forecast by all 41 economists in a Bloomberg survey and comes days after a report showing Japan fell back into a recession in the six months through September. Prices fell in August and September.

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