You are here: Home » International » News » Economy
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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