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Tuesday, November 1, 2016

Bank of Japan keeps policy steady, cuts price forecast



In a widely expected move, the BOJ maintained the 0.1 percent interest it charges for a portion of excess reserves that financial institutions park with the central bank. 


The Bank of Japan held off on expanding stimulus on Tuesday despite pushing back the time frame for hitting its 2 percent inflation target, signaling that it will stand pat unless a severe market shock threatens to derail a fragile recovery.





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