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BOJ to maintain huge stimulus as Ukraine crisis adds to economic woes

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TOKYO: The Bank of Japan (BOJ) is set to maintain its massive stimulus on Friday (Mar 18) and focus on risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations it will remain an outlier amid a global shift towards tighter monetary policy. While inflation is seen approachi

TOKYO: The Bank of Japan is set to maintain its massive stimulus on Friday and focus on risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations it will remain an outlier amid a global shift towards tighter monetary policy.

BOJ Governor Haruhiko Kuroda is likely to stress his resolve to sustain huge monetary support until the rise in inflation is accompanied by strong wage growth. At a two-day meeting ending on Friday, the BOJ is widely expected to maintain its short-term rate target at -0.1 per cent and that for the 10-year bond yield around 0 per cent.raised interest rates on Wednesday

With supply disruptions and COVID-19 curbs having hobbled growth in the current quarter, the BOJ may offer a bleaker view on the economy than in January - when it said there were"clearer signs of pick-up".

 

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