BoJ defies tightening trend, sticks to ultra-low rates ...Qatar

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BoJ defies tightening trend, sticks to ultra-low rates
The Bank of Japan (BoJ) kept ultra-low interest rates yesterday and maintained its dovish guidance, cementing its status as an outlier among global central banks tightening monetary policy, as recession fears dampen prospects for a solid recovery. The central bank also announced plans to increase the frequency of its bond buying next month, doubling down on efforts to defend its ultra-loose monetary policy. BoJ governor Haruhiko Kuroda said Japan was making some progress toward achieving his 2% inflation target, as rising prices heighten the chance more firms will increase wages next year. But he said the central bank was nowhere near raising interest rates, with inflation likely to fall sh

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