The Bank of Japan (BoJ) has surprised the financial world by doing nothing.
After its latest policy meeting there was no word on new monetary
stimulus from Governor Haruhiko Kuroda, who did though leave the door
open for more if the fragile economic recovery needs help.
He defended the decision to keep policy unchanged by saying a steady
improvement in the country’s economy means the bank can pause and study
the effect of its past policy steps, including a negative-rate strategy introduced in January.
The hope is their previous cuts in borrowing costs will lead banks to lend more.
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Source: Euronews
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