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March 15 (Reuters) – The Bank of Japan maintained its stable monetary policy on Friday, but moderated its optimism about the strength of exports and manufacturing output that will support growth.
Factories around the world braked the brakes last month as demand was affected by the US-China trade war, which slowed global growth and political uncertainty in Europe before Britain's departure from Britain. the European Union.
After a two-day rate review ending on Friday, the Bank of Russia maintained a promise to guide short-term interest rates to below 0.1% and 10-year government bond yields around zero percent. The widely awaited decision was taken by 7 votes to 2.
BoJ Governor Haruhiko Kuroda made the following comments during his press conference after the meeting:
ON THE JAPANESE ECONOMY
"It is true that Japan's exports and production are affected by the slowdown in growth abroad. On the other hand, domestic demand continues to grow. As such, we maintain our basic view that the economy is growing moderately.
"It will probably take longer to reach our price target. However, the output gap is improving … Most board members feel that it is more appropriate to patiently maintain our current stimulus package. "
Reporting by Leika Kihara, edited by Sherry Jacob-Phillips
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