BOJ Stands Pat, Changes Long-Held View on Inflation Risks

From bnnbloomberg.ca

The Bank of Japan stood pat on policy and adjusted its view of inflation risks for the first time since 2014 in a move that suggests the economy is not entirely immune to the price forces prompting other major central banks to pull back pandemic stimulus. The BOJ kept its negative interest rate, bond yield target and asset purchases unchanged at the end of its meeting Tuesday, a widely forecast decision given an overall inflation pulse that remains far weaker than in the U.S. and other major economies. Still, with energy costs surging, the bank nudged up its forecasts for prices in the year starting in April and the ... (full story)