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Japan's central bank holds fire, cuts inflation forecast

Updated : October 31, 2018 09:37 AM IST

The BOJ issued a slightly stronger warning on financial vulnerabilities than it did three months ago, reflecting growing concerns that years of ultra-low rates were hurting bank profits and could discourage them from increasing lending.
As widely expected, the BOJ maintained a pledge to guide short-term interest rates at minus 0.1 percent and long-term rates around zero percent by a 7-2 vote.
In the quarterly report, the central bank cut its core consumer inflation forecast for the current fiscal year ending in March 2019 to 0.9 percent from 1.1 percent three months ago.
Japan's central bank holds fire, cuts inflation forecast

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