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Tags: bank | japan | consumer | inflation

Bank of Japan Keeps Policy Steady, Cuts View on Consumer Inflation

Bank of Japan Keeps Policy Steady, Cuts View on Consumer Inflation
(Le Cong Duc Dao/Dreamstime)

Friday, 15 June 2018 10:14 AM EDT

The Bank of Japan kept monetary policy steady on Friday and offered a weaker view on inflation than in April, signaling that it will be in no rush to dial back its massive stimulus program.

In a widely expected move, the BOJ maintained its short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent.

The decision on maintaining its interest rate targets was made by an 8-1 vote with board member Goushi Kataoka dissenting.

"Consumer price growth is in a range of 0.5 to 1 percent," the BOJ said in a statement announcing the decision. That compared with its view at its April meeting that consumer inflation was moving around 1 percent.

BOJ Governor Haruhiko Kuroda will hold a news conference at 3:30 p.m. (0630 GMT) to explain the policy decision. 

© 2024 Thomson/Reuters. All rights reserved.


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The Bank of Japan kept monetary policy steady on Friday and offered a weaker view on inflation than in April, signaling that it will be in no rush to dial back its massive stimulus program.
bank, japan, consumer, inflation
141
2018-14-15
Friday, 15 June 2018 10:14 AM
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