TOKYO: The Bank of Japan (BoJ) has kept its monetary stimulus unchanged, but a dovish new board member opposed the decision in his first meeting, an unexpected dissension on a board chosen entirely by Prime Minister Shinzo Abe.
Still, BoJ governor Haruhiko Kuroda and his board left its target interest rates and asset purchase program unchanged, a decision expected by all 45 economists surveyed by Bloomberg. The vote was 8-1, with Goushi Kataoka objecting.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!