Bank of Japan keeps monetary policy unchanged, sees slightly higher inflation in fiscal 2024
Publishing timestamp: 2024-04-26 03:30:39
Summary
The Bank of Japan kept its policy rate unchanged at 0%-0.1% after its monetary policy meeting. The decision was in line with expectations, but comes after lower than expected April inflation. The BOJ also mentioned the impact of exchange rate volatility on Japan's economy and prices, and raised its outlook for inflation in fiscal 2024 while downgrading GDP growth forecasts. Accommodative financial conditions will be maintained for the time being.
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Keywords: usd/jpy, asia economy, business news, breaking news: asia,
Source: https://www.cnbc.com/2024/04/26/bank-of-japan-keeps-monetary-policy-unchanged.html