Bank of Japan maintains monetary policy and delayed the inflation target – Investing.com Spain

TOKYO (Reuters) – The Bank of Japan refrained from expanding its stimulus program on Tuesday despite postponed again the time that it hopes to reach its inflation target of 2 percent, suggesting that will stay the course unless a strong shake-up of the market threatens to derail the fragile recovery.

In a decision widely expected, the Bank of Japan (BOJ, for its acronym in English) left stable the rate of interest of 0.1 per cent charged to a part of the reserves in excess of financial institutions maintained at the agency.

In the two-day meeting that concluded on Tuesday, also left unchanged its target performance of 10-year sovereign bonds at around 0 percent.

The BOJ maintained its commitment to keep buying bonds for the balance of their holdings increase at an annual pace of 80 trillion yen.

In a quarterly review of its forecasts, the BOJ lowered its forecast for underlying inflation for the fiscal year ending in march 2018, to 1.5 percent from 1.7 percent projected in July.

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