ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Bank of Japan

BOJ stands pat, gives no hint of imminent tightening

Recent yen weakness has not stoked sustained inflation, governor says

The decision to hold monetary policy steady came as the yen has fallen 9% against the dollar so far this year, hitting a 34-year low of 156. (Photo by Yutaka Miyaguchi)

TOKYO -- The Bank of Japan kept its policy unchanged on Friday, holding off on additional action to deter further selling of the embattled Japanese currency.

BOJ chief Kazuo Ueda said that consumer inflation is still below its 2% target when temporary factors, such as currency declines and commodity price increases, are stripped out as he underlined the need for a continued accommodative monetary policy.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more