ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

BOJ holds rate, expects lower inflation amid global uncertainty

The central bank revises down quarterly price projection for third straight time

The latest cut in inflation forecast is a setback for the BOJ that has a goal of achieving 2% inflation. (Photo by Takaki Kashiwabara)

TOKYO -- The Bank of Japan cut its quarterly inflation outlook for the third straight time on Wednesday as concerns grow about the global economy and U.S.-China trade tensions.

The BOJ revised down its earlier projection after a two-day board meeting during which it decided to maintain its ultra-easy monetary policy, including keeping short-term interest rates at minus 0.1% and targeting 10-year Japanese government bond yields at around zero.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more