BOJ meets ahead of potential currency market friction

Tokyo

THE Bank of Japan (BOJ) opted on Tuesday to keep monetary policy stable in light of what it sees as a relatively benign outlook for Japan's domestic economy. It also raised growth forecasts slightly for the world's third-largest economy while claiming it is on target to achieving 2 per cent annual inflation by 2019.

But potential storm clouds loomed over the two-day meeting of the BOJ's Policy Board, against a background of US President Donald Trump's frenzy of policymaking initiatives in economic and other spheres.