BOJ keeps ultra-low rates, focus shifts to Ueda’s inflation views
TOKYO -TheBankofJapanmaintained ultra-easy monetary policy on Friday despite stronger-than-expected inflation, as it focuses on supporting a fragile economic recovery amid a sharp slowdown in global growth. The centralbankalso kept intact a pledge to "patiently" sustain massive stimulus to ensureJapansustainably achieves its 2 percent inflation target accompanied by wage hikes. With price rises showing signs of broadening, however, markets are focusing on whether BOJ Governor Kazuo Ueda will offer a stronger warning on the risk of an inflation overshoot at his post-meeting news conference. The yen's renewed sharp declines, which drew verbal warning from the finance minister, may...Keep on reading: BOJ keeps ultra-low rates, focus shifts to Ueda’s inflation views
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