The Bank of Japan maintained its monetary stimulus, but downgraded the inflation forecast signaling that price growth will not reach 2 percent target until March 2021.
The policy board of the BoJ voted 7-2 to purchase government bonds so that the yield of 10-year JGBs will remain at around zero percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com