BoJ maintains ultra-loose monetary policy
Kuroda says BoJ has no plans to tighten policy soon and warns over risks from weak yen
The Bank of Japan held its ultra-low interest rates today (Oct 28) as it revised its growth forecast for the year downwards.
In a unanimous decision, the BoJ’s seven-member policy board left its target for short-term interest rates at -0.1% unchanged. It kept its target for yields on 10-year government bonds at around 0%.
The BoJ revised its inflation forecast upwards, but governor Haruhiko Kuroda warned that much of it was being driven by the effects of currency weakness. The central bank did
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