Mone­tary stim­u­lus to stay

The Star Early Edition - - BUSINESS REPORT -

JA­PAN’S cen­tral bank has opted to keep its mone­tary stim­u­lus in­tact, while down­grad­ing its out­look for in­fla­tion. The Bank of Ja­pan’s (BoJ) pol­icy meet­ing ended yes­ter­day with no change to its in­jec­tions of tril­lions of yen into the econ­omy each year through govern­ment bond pur­chases. The bank fore­casts in­fla­tion at 1.1 per­cent in 2017, be­low its 2 per­cent tar­get, and raised its fore­cast for growth for the cur­rent fis­cal year to 1.8 per­cent from 1.6 per­cent. BoJ gov­er­nor Haruhiko Kuroda has sought to spur in­fla­tion. – AP

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.