ZCZC
BCN-05
JAPAN-ECONOMY-BOJ-FINANCE-INFLATION
Bank of Japan tweaks monetary policy, lowers inflation forecast
TOKYO, July 31, 2018 (BSS/AFP) – Japan’s central bank said Tuesday it would
make adjustments to its ultra-loose monetary policy for the first time in
nearly two years, and revised down its inflation forecasts.
The Bank of Japan maintained its 2.0 percent inflation target, but in an
acknowledgement of the difficulty it has had achieving the figure, it revised
down its forecasts through fiscal 2020.
It also said it would adjust its purchases of exchange-traded funds, and
introduce flexibility to its bond buying, in a nod to concerns about the
effects of its ultra-loose policy.
BSS/AFP/MSY/1041 hrs