BOJ maintains huge stimulus, warns of growth risks from Ukraine crisis

Bank of Japan maintained its huge stimulus and warned of growth risks from Ukraine crisis, reinforcing expectations it will remain an outlier in global shift towards tighter monetary policy

A man wearing a protective mask, amid the coronavirus disease outbreak, walks past a Kentucky Fried Chicken (KFC) restaurant in Tokyo (Photo: Reuters)
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(Japan's economy) A man wearing a protective mask, amid the coronavirus disease outbreak, walks past a Kentucky Fried Chicken (KFC) restaurant in Tokyo (Photo: Reuters)

Reuters Tokyo
The Bank of Japan maintained its massive stimulus on Friday and warned of heightening risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations it will remain an outlier in the global shift towards tighter monetary policy.

The BOJ's dovish tone is in stark contrast with the U.S. Federal Reserve and the Bank of England, which raised interest rates this week to stop fast-rising inflation becoming entrenched. As widely expected, the BOJ maintained its short-term rate target at -0.1% and that for the 10-year bond yield around 0% at the two-day policy meeting that ended on Friday.
 
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First Published: Mar 18 2022 | 12:54 PM IST

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