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BOJ keeps monetary policy steady; aims to achieve 2% inflation target

The BOJ kept its short-term interest rate target at minus 0.1 per cent and the 10-year bond yield target around zero per cent

Reuters  |  Tokyo 

The Bank of Japan kept monetary policy steady on Thursday and its governor said economic improvements alone would not trigger a withdrawal of stimulus, reassuring markets it will lag well behind its overseas peers in ending crisis-mode easing. Governor Haruhiko Kuroda stressed the need to "patiently" maintain ultra-loose policy, with inflation still distant from the BOJ's 2 per cent target despite a strengthening economy. Kuroda also rebuffed the criticism that prolonged easing could destabilise Japan's banking system, saying he saw no problem emerging in the ...

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First Published: Thu, December 21 2017. 15:59 IST
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