You are here: Home » Reuters » News
Business Standard

BOJ keeps policy steady, maintains upbeat economic view

Reuters  |  TOKYO 

TOKYO (Reuters) - The of kept monetary policy steady on Thursday and maintained a cautiously optimistic view on the economy, signalling that no expansion of monetary stimulus was forthcoming in the near future.

In a widely expected move, the maintained the 0.1 percent interest it charges on a portion of excess reserves that financial institutions park at the central

At the two-day policy meeting that ended on Thursday, it also kept its yield target for 10-year Japanese government bonds around zero percent.

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

After more than three years of huge asset purchases failed to accelerate inflation to its 2 percent target, the revamped its policy framework last September to one targeting interest rates.

(Reporting by Leika Kihara, Stanley White, Kaori Kaneko and Minami Funakoshi; Editing by Chris Gallagher)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

BOJ keeps policy steady, maintains upbeat economic view

TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Thursday and maintained a cautiously optimistic view on the economy, signalling that no expansion of monetary stimulus was forthcoming in the near future.

TOKYO (Reuters) - The of kept monetary policy steady on Thursday and maintained a cautiously optimistic view on the economy, signalling that no expansion of monetary stimulus was forthcoming in the near future.

In a widely expected move, the maintained the 0.1 percent interest it charges on a portion of excess reserves that financial institutions park at the central

At the two-day policy meeting that ended on Thursday, it also kept its yield target for 10-year Japanese government bonds around zero percent.

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

After more than three years of huge asset purchases failed to accelerate inflation to its 2 percent target, the revamped its policy framework last September to one targeting interest rates.

(Reporting by Leika Kihara, Stanley White, Kaori Kaneko and Minami Funakoshi; Editing by Chris Gallagher)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

BOJ keeps policy steady, maintains upbeat economic view

TOKYO (Reuters) - The of kept monetary policy steady on Thursday and maintained a cautiously optimistic view on the economy, signalling that no expansion of monetary stimulus was forthcoming in the near future.

In a widely expected move, the maintained the 0.1 percent interest it charges on a portion of excess reserves that financial institutions park at the central

At the two-day policy meeting that ended on Thursday, it also kept its yield target for 10-year Japanese government bonds around zero percent.

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

After more than three years of huge asset purchases failed to accelerate inflation to its 2 percent target, the revamped its policy framework last September to one targeting interest rates.

(Reporting by Leika Kihara, Stanley White, Kaori Kaneko and Minami Funakoshi; Editing by Chris Gallagher)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22