Quentin D. Solano
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Quentin D. Solano in Breaking news,

Bank of Japan leaves monetary stimulus program unchanged

The Bank of Japan made no changes to its stimulus program at a meeting on Friday, saying it will maintain its current pace of asset purchases, The Wall Street Journal reported. The central bank's current stimulus program aimed at boosting the economy, worth around ¥80 trillion ($660 billion) annually, has been underway two and half years. Many economists had expected the BOJ to expand the asset-purchase program, as the inflation target remains elusive. BOJ Governor Haruhiko Kuroda will hold a news conference later in Tokyo. The BOJcut its price projections and pushed back on a loose deadline to achieve stable 2% inflation, in its twice-yearly outlook report released Friday.