-
BOJ set to maintain ultraeasy policy at Sept. board meeting
The Bank of Japan is set to maintain its ultraeasy monetary stance at a policy board meeting next week in a continued effort to lift persistently low inflation, people with knowledge of the central bank's thinking said Thursday. At its July meeting, the BOJ's decision-making board introduced a pledge to keep short- and long-term interest rates extremely low "for an extended period of time" to ensure the economy can weather challenges, including a consumption tax hike planned for October 2019. It also said it would allow long-term yields to drift higher than previously done, a decision Governor Haruhiko Kuroda ... (full story)