15960
BOJ Keeps Policy Steady
World Economy

BOJ Keeps Policy Steady

The Bank of Japan (BOJ) has decided to hold off on expanding monetary stimulus during a meeting on Thursday, keeping its plan to expand the monetary base at JPY80t ($673b) annual pace, Asia First reported. Voting 8-1, BOJ board members decided to refrain from boosting monetary stimulus, with one board member, Takahide Kiuchi, urging the country’s central bank to cut its purchases of government bonds and risky assets to JPY45t annually. Later Sunday, the BOJ is expected to present updated inflation and growth forecasts, followed by a press conference by BOJ Governor Haruhiko Kuroda. The Yen strengthened after the decision, rising to JPY118.72 against the dollar from JPY118.90 an hour prior to the announcement.

Short URL : http://goo.gl/EYOM41

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Trending

Googleplus