Economic news

Bank of Japan keeps its monetary policy amid low inflation

The Bank of Japan left its monetary policy unchanged at a meeting on Thursday, despite signs of a growing robustly economy. Thus, the regulator made it clear that he was not in a hurry to shy away from his anti-crisis stimulating policy, taking into account the fact that inflation is still far from a "target" of 2%.

As expected, the Bank of Japan kept its short-term interest rate at minus 0.1 percent and the target for the 10-year government bond yield at zero percent.

In July-September, Japan's economy grew by 2.5% in annual terms, which was the seventh consecutive quarter of growth due to strong exports and capital investments. Consumer inflation remains at the level of 0.8%.

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