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BOJ Stands Pat as Fed and ECB Signal Possible Rate Cuts Ahead

Thursday, 20 June 2019 10:19 WIB Ekonomi Jepang Bank of Japan BOJ

The Bank of Japan kept monetary policy unchanged Thursday, just hours after the Federal Reserve became the latest central bank to signal a willingness to cut interest rates in the face of rising threats to economic growth. The BOJ maintained its interest rates and asset purchases, it said in a statement. All 50 economists surveyed by Bloomberg had predicted no change. Governor Haruhiko Kuroda’s views on the economic outlook and the possibility of additional stimulus will be in focus when he holds a news conference at 3:30 p.m. He is likely to reaffirm his willingness to add stimulus, something he has repeatedly pledged to do if momentum toward the BOJ’s 2% inflation target is...

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