Tough time: Employees work on at Toyota Motor Corp’s plant in central Japan. In a further sign of the tough road ahead, government data showed Japan’s exports in December fell the most in two years. — Reuters
TOKYO: The Bank of Japan (BoJ) has cut its inflation forecasts and stuck to its ultra-loose monetary policy, as pressure on the economy mounts and slowing global demand threatens its years-long efforts to foster durable growth.
The deteriorating global outlook means the BoJ is some way off from exiting a sweeping stimulus programme begun in 2013, which policymakers have acknowledged will do more harm than good the longer it is retained.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
