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MNI BRIEF: BOJ Keeps Forward Guidance Intact In Policy Hold

(MNI) Tokyo
TOKYO (MNI)

The BOJ noted the impact of Covid-19.

The Bank of Japan board on Thursday stood pat on monetary policy as the economy largely continued moving in line with the baseline scenario despite increasing uncertainties and downside risks.

The BOJ also left forward guidance for policy rates intact, indicating the policymakers are vigilant against near-term downside risks to the economy and the need to keep an easing bias fort the near-term monetary policy outlook, see: MNI STATE OF PLAY: BOJ To Hold Despite Higher Prices Outlook.

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The Bank of Japan board on Thursday stood pat on monetary policy as the economy largely continued moving in line with the baseline scenario despite increasing uncertainties and downside risks.

The BOJ also left forward guidance for policy rates intact, indicating the policymakers are vigilant against near-term downside risks to the economy and the need to keep an easing bias fort the near-term monetary policy outlook, see: MNI STATE OF PLAY: BOJ To Hold Despite Higher Prices Outlook.

Keep reading...Show less