BOJ Decides to Maintain Massive Monetary Easing; ’24 Price Inflation Forecast Down (UPDATE 1)
12:10 JST, (updated at 12:15 JST)
The Bank of Japan decided on Tuesday to maintain its large-scale monetary easing policy at its Monetary Policy Meeting, which had been held since Monday.
Bank of Japan Gov. Kazuo Ueda is expected explain today’s decision at a press conference in the afternoon.
In its Outlook for Economic Activity and Prices report released on Tuesday, the Bank of Japan revised downward its forecast for price inflation, excluding fresh food, from 2.8% to 2.4% in 2024.
"Business" POPULAR ARTICLE
-
SoftBank to Build Next-Generation Industrial Park with AI-Based Data Center Utilizing Sharp’s Plant in Sakai, Osaka Pref.
-
TSMC to Launch Full-Scale Production in Japan, U.S., Germany as Part of ‘Silicon Shield’ Against China
-
Japanese Cosmetics Giants Struggle with Sales in China: Firms Seek to Develop New Markets in Global South
-
Mitsubishi Motors Seen As Key to S.E. Asia in Honda, Nissan Talks; Japanese Makers Face Chinese Challenge In Region
-
Honda, Nissan Integration Likely to Affect Auto Parts Suppliers; EV Parts Production, Standardization Key
JN ACCESS RANKING
- Prehistoric Stone Tool Cut Out of Coral Reef and Taken Away in Kyushu island; Artifact was Believed to Have Been Dropped in Sea During Prehistoric Jomon Period
- Record 320 School Staff Punished for Sex Offenses in Japan
- New Year’s Ceremony Held at Imperial Palace (UPDATE 1)
- Central Tokyo Observes 1st Snow of Season; 25 Days Earlier than Last Winter
- Tire of Landing Gear of JAL Plane Goes Flat at Haneda; No Injuries Reported, but Runway Closed 25 Minutes