BOJ trims growth forecast but keeps upbeat view on outlook, signals policy pause

FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon/File photo

TOKYO: The Bank of Japan on Thursday trimmed its economic and price forecasts for the current fiscal year but offered an upbeat outlook for a moderate recovery, signalling that it has delivered enough stimulus for the time being.

As widely expected, the central bank kept monetary policy steady, including a -0.1% target for short-term interest rates and a pledge to guide long-term rates around 0%.