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BOJ upgrades view on consumption, rules out early exit from stimulus

Reuters  |  TOKYO 

By Leika Kihara and Stanley WhiteTOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Friday and upgraded its assessment of private consumption for the first time in six months, signalling its confidence in an export-driven economic recovery that is gaining momentum.But Governor Haruhiko Kuroda reassured markets the BOJ will still lag well behind the Federal Reserve in dialling back its massive stimulus programme, with inflation far from reaching his 2 percent target.He also shrugged off the need to scrap the BOJ's pledge to increase its bond holdings at 80 trillion yen ($729 ...

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First Published: Fri, June 16 2017. 14:51 IST