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BoJ maintains stimulus as low inflation persists

It hasn't altered its policy framework since September 2016, when it implemented its yield-curve control programme, setting an interest rate of -0.1% on some bank reserves

Published Thu, Dec 21, 2017 · 09:50 PM

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Tokyo

THE Bank of Japan (BoJ) left policy settings unchanged in the final meeting of 2017, retaining its unprecedented monetary stimulus as it waits for a pickup in stubbornly low inflation.

With Japan's economy continuing to grow at a healthy pace, and inflation at least moving in the right direction, there is little pressure on the BoJ to adjust its interest-rate and asset-purchase targets any time soon. This sets it apart from its global counterparts, with the Federal Reserve hiking interest rates and the European Central Bank moving closer towards policy normalisation.

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