BOJ Keeps Policy Unchanged, Raises Inflation Outlooks

HEADLINES

Tokyo, July 31 (Jiji Press)–The Bank of Japan decided to keep its monetary policy unchanged Thursday while raising its inflation outlooks. The BOJ’s Policy Board at its two-day meeting from Wednesday unanimously voted to maintain the policy of guiding the unsecured overnight call rate, Japan’s benchmark short-term interbank lending rate, to around 0.5 pct. The BOJ apparently determined …

Tokyo, July 31 (Jiji Press)–The Bank of Japan decided to keep its monetary policy unchanged Thursday while raising its inflation outlooks. The BOJ’s Policy Board at its two-day meeting from Wednesday unanimously voted to maintain the policy of guiding the unsecured overnight call rate, Japan’s benchmark short-term interbank lending rate, to around 0.5 pct. The BOJ apparently determined …