TOKYO: The Bank of Japan (BoJ) is set to maintain its massive stimulus programme tomorrow and slash this year’s inflation forecast in a sign it has no intention to follow other central banks eyeing exits from crisis-mode policies.
While rising raw material prices have pushed Japan’s wholesale inflation to a 13-year high, consumer inflation is stuck around zero as weak domestic spending prevents firms from passing on higher costs to households.
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!