Aug
06

Bank of Japan Leaves Monetary Policy Unchanged as Forecast

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The Bank of Japan refrained from expanding monetary stimulus as Governor Haruhiko Kuroda bets the world’s third-biggest economy will emerge from a recent soft patch and inflation will pick up.

The central bank will keep increasing the monetary base at an annual pace of 80 trillion yen ($640 billion), as expected by all 37 economists surveyed by Bloomberg.

BOJ officials are assessing the strength of a rebound from what Goldman Sachs Group Inc. and JPMorgan Chase & Co. estimate to be the first contraction since the economy took a dive last year after a sales-tax hike. While Kuroda sees last quarter’s weakness as temporary, high inventories and a slowdown in China are risks to achieving his 2 percent inflation target…

Bank of Japan Leaves Monetary Policy Unchanged as Forecast

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