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Japan’s Central Bank Shuns Tightening Trend, Citing Lack of Inflation
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wsj.comTOKYO—Japan’s central bank kept its monetary policy ultraloose and expressed minimal concern about inflation, joining continental Europe in showing that recent tightening in the U.S. doesn’t necessarily represent a global phenomenon.
The Bank of Japan on Friday maintained its target for short-term interest rates at minus 0.1% and said it would continue guiding the yield on 10-year Japanese government bonds to around zero, well below the U.S. where equivalent government bonds are yielding more than 1.4%.
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