BoJ stands pat, lower growth and higher inflation this year

BoJ left overnight call rate unchanged at 0-0.10% as widely expected, by unanimous vote. The BOJ says it will continue its Japanese government bond (JGB) purchases “in accordance with the decisions made at the March 2024 monetary policy meeting.” Real GDP growth forecasts for fiscal 2024 was lowered sharply to 0.8%. But growth is expected […]

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