BoJ maintains stimulus as inflation lags growth


Speculation is mounting ahead of a meeting between Japan's prime minister and the head of the central bank as to whether the Bank of Japan will have to ramp up its stimulus programme and if the government will go ahead with another sales tax hike - Reuters Photo.

TOKYO: The Bank of Japan (BoJ) left policy settings unchanged in the final meeting of 2017, retaining its unprecedented monetary stimulus as it waits for a pickup in stubbornly low inflation.

The central bank will continue to target interest rates and buy financial assets to achieve its 2% inflation goal, it said in statement on Thursday. The result was predicted by all 44 economists surveyed by Bloomberg.

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