BOJ Keeps Policy Steady, Nudges Up Economic Growth Forecasts

www.oann.com | 1/15/2018 | Staff
nallynally (Posted by) Level 4
TOKYO (Reuters) – The Bank of Japan kept monetary policy steady and nudged up its economic growth forecasts on Tuesday, as the government’s spending package and receding pessimism over the global outlook take some pressure off the central bank to top up stimulus.

As widely expected, the BOJ maintained its short-term interest rate target at -0.1% and a pledge to guide 10-year government bond yields around 0%, by a 7-2 vote.

Guidance

It also maintained guidance that commits it to keeping...
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