Bank of Japan maintains huge stimulus, warns of growth risks from Ukraine crisis
It says conflict is destabilising financial markets and sharply pushing up raw material costs
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Tokyo
THE Bank of Japan maintained its massive stimulus on Friday (Mar 18) and warned of risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations it will remain an outlier amid a global shift towards tighter monetary policy.
The BOJ's dovish tone is in stark contrast with the US Federal Reserve and the Bank of England, which raised interest rates this week to stop fast-rising inflation becoming entrenched.
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