URGENT: BOJ keeps monetary policy unchanged amid resurgence of virus cases

Economy

The Bank of Japan on Tuesday kept its monetary policy unchanged amid a resurgence of coronavirus cases in the country despite giving a slightly more upbeat economic growth outlook. In its outlook report released after a two-day policy meeting, the BOJ cut its projection for core consumer prices for fiscal 2021 starting this month and indicated that its 2 percent inflation target will still be unattainable in fiscal 2023 when Governor Haruhiko Kuroda's current term ends.

Kyodo News

Kyodo News