BOJ Maintains Record Stimulus

The Bank of Japan maintained its record monetary stimulus as Governor Haruhiko Kuroda seeks to spur inflation and announced plans to improve transparency.

The central bank will continue to expand the monetary base at an annual pace of 80 trillion yen ($650 billion), it said in a statement on Friday, as forecast by all 35 economists surveyed by Bloomberg. The BOJ will increase the frequency of its economic outlook reports and release assessments of each board member, starting next year.

Sluggish export growth is the latest risk to a recovery in the economy that analysts see slowing this quarter as companies work off elevated inventories. While Kuroda said this week that inflation remains on track for the BOJ’s target and he appeared to back off on earlier remarks that put the brakes on a weaker yen, economists are looking for more clarity at his press conference today.

Bloomberg

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