Bank of Japan Keeps Monetary Policy Unchanged Even as Inflation, Growth Fade
There was change in the monetary policy of Bank of Japan as the central bank's Governor, Haruhiko Kuroda still believes that that present level of stimulus is enough to drive prices at the targeted two percent inflation.
In the recent month's Kuroda has maintained the outlook that a strong economic cycle remains in place with a view that the corporate will be generating high profits and with the tight labor market will invite gains in prices once the effect of the low energy costs is discounted.
A brief statement was released by the BOJ after it had its meeting on Friday reflecting that the board which voted eight to one carries on expanding the monetary base with a yearly rate of 80 trillion yen or approximately $662 billion.
There was a difference in opinion among the economists about an increase in the asset purchases by the BOJ, which has already reached record levels. Government officials and the finance minister had indicated that a negative towards the requirement of adding additional stimulus. A more detailed outlook for the economic growth and the trend of inflation will be delivered by the BOJ at3 p. m. in Tokyo with a briefing from Kuroda after that.
United Kingdom News
- Estimated delivery dates for both Tesla Model S trims pushed back by several months
- AC Cars to deliver Series 1 Cobra Roadster with new electric powertrain
- Bigger battery-equipped MG5 EV delivers longer 250-mile range
- XPeng shares aggressive pricing for new P5 sedan, undercutting Tesla Model 3 by $14k
- Association of British Insurers wants electric vehicles to replace written-off gas-powered cars