BOJ maintains stimulus, vows to continue unlimited bond buying

div classBodysc17zpet90 cdBBJodivpTOKYO Reuters – The Bank of Japan maintained its massive stimulus on Thursday and pledged to continue buying unlimited amounts of 10year government bonds to defend its implicit 0.25 cap, signalling its resolve to focus on supporting a fragile economy.p

pThe BOJ also left unchanged its guidance to keep its interest rate targets at current or lower levels.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pAs widely expected, the central bank kept unchanged its shortterm interest rate target at 0.1 and a pledge to guide the 10year government bond yield around 0. The decision was made by a 81 vote.p

pIn fresh quarterly projections released on Thursday, the BOJ raised its core consumer inflation forecast to 1.9 from 1.1 projected in January. It expects inflation to hit 1.1 for both fiscal 2023 and 2024.p

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pp Reporting by Leika Kihara, Tetsushi Kajimoto, Daniel Leussink and Kantaro Komiya Editing by ChangRan Kimp

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