BoJ lowers inflation forecast as policy stays on hold
BoJ downgrades inflation forecast again, leaving tightening unlikely anytime soon
The Bank of Japan has once again lowered its inflation forecast, though it remains broadly optimistic on the economic outlook.
After its two-day monetary policy meeting ended today (October 31), the BoJ decided to keep the monetary policy setting on hold by an 8–1 majority vote, as most economists expected.
Japan’s central bank will continue to set the short-term interest rate at –0.1% and the 10-year Japanese government bond (JGB) yield target at around 0% with the annual pace of increase in
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