TOKYO: The Bank of Japan (BoJ) kept ultra-low interest rates and vowed to hold them there to support economic growth as it bucked a global tide of monetary tightening by central banks fighting to rein in soaring inflation.
BoJ governor Haruhiko Kuroda stressed the need to keep monetary policy ultra-loose for the foreseeable future with Japan’s economic recovery still fragile and wage growth not accelerating enough to make recent inflation sustainable.
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