Dow Jones Newswires: Bank of Japan keeps rates pat, sees inflation hitting 2.3% this fiscal year

by | Jul 20, 2022 | Stock Market

TOKYO — The Bank of Japan said Thursday that inflation would likely rise above the bank’s 2% target this fiscal year, but it kept ultra-low interest rates unchanged to support the nation’s economic recovery from the pandemic. The Japanese central bank maintained short-term interest rates at minus 0.1% and its target for the 10-year Japanese government bond yield at around zero. The…

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