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Home JAPAN MANUFACTURE NEWS

Bank of Japan keeps easing policies in place, reaffirming position as global outlier

by 198 Japan News
July 21, 2022
in JAPAN MANUFACTURE NEWS
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The Bank of Japan retained its aggressive monetary easing policy on Thursday, ensuring it will remain a global outlier as other top economies raise interest rates in the face of soaring inflation.

In its quarterly outlook, the BOJ also bumped up its inflation forecast for fiscal 2022, which ends in March 2023, from 1.9% to 2.3% while revising down Japan’s real gross domestic product growth forecast from 2.9% to 2.4%, with the possible global economic slowdown due to rate hikes in other countries likely to impact Japan.

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PHOTO GALLERY (CLICK TO ENLARGE)

  • BOJ Gov. Haruhiko Kuroda speaks during a news conference on June 17. | POOL / VIA KYODO
  • The decision by the Bank of Japan to keep its easing policies in place was widely expected among economists, as long-time Gov. Haruhiko Kuroda has shown no sign of departing from his dovish policy. | REUTERS

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