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Economy

BOJ left alone as it maintains ultra-loose policy

Japan falls behind global tightening trend, lowers inflation assessment

BOJ Gov. Haruhiko Kuroda has been fighting low inflation for more than five years now. (Photo by Taro Yokosawa)

TOKYO -- The Bank of Japan revised down its inflation assessment and kept its monetary policy unchanged at the end of a policy board meeting on Friday,bucking the global trend toward tightening.

BOJ Gov. Haruhiko Kuroda has been wielding ultra-aggressive monetary policies for more than five years now, trying to lift an inflation rate that remains low despite an ever-tightening labor market.

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