TOKYO (AP) — The Bank of Japan has opted to keep its lax monetary policy
TOKYO (AP) — The Bank of Japan has opted to keep its lax monetary policy intact, while noting signs of improvement in the world’s third largest economy.
A BOJ statement issued Friday said it expects demand to accelerate, supporting a « moderate expansion. » The central bank’s key interest rate remains at minus 0.1 percent.
While the U. S. Federal Reserve is raising rates, Bank of Japan Gov. Haruhiko Kuroda appears determined to persist with a policy of « qualitative and quantitative easing » to help attain an inflation rate of about 2 percent.
