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Bank of Japan keeps monetary policy stable; offers weaker view on inflation

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

Reuters  |  Tokyo 

The Bank of Japan kept monetary policy steady on Friday and offered a weaker view on inflation than in April, signalling that it will be in no rush to dial back its massive stimulus programme. In a widely expected move, the BOJ maintained its short-term interest rate target at minus 0.1 per cent and a pledge to guide 10-year government bond yields around zero per cent. The decision on maintaining its interest rate targets was made by an 8-1 vote with board member Goushi Kataoka dissenting. ALSO READ: Spending by savings-rich elderly on grandkids boosting Japan's ...

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First Published: Fri, June 15 2018. 09:45 IST
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