BoJ sees emerging signs of inflation in Japan
Central bank says inflationary risks are now “generally balanced”
The Bank of Japan has acknowledged there may be signs inflation is climbing after a long run of low or negative figures.
In its monetary policy decision today (January 18), the policy board kept its main tools unchanged but revised up its inflation forecasts. The policy rate remains on hold at -0.1%, and the central bank continues its programme of asset purchases. The board also voted to extend its “fund provisioning measure” for banks by another year.
In a document detailing its outlook, the
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