UPDATE 3-BOJ hints at more easing if inflation sputters, keeps policy steady [Reuters]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Reuters
Bank of Japan hints at more easing if inflation sputters, keeps policy steady - Reuters 5 Min Read TOKYO (Reuters) - The Bank of Japan held off on expanding stimulus on Tuesday but signaled its readiness to do so “without hesitation,” if a global slowdown jeopardizes the country’s economic recovery. Growing fallout from the U.S.-China trade war has prompted major central banks to signal more easing and put pressure on the BOJ, which has far less policy ammunition left to deal with a significant downturn. The central bank also trimmed its inflation forecasts and warned that risks to the outlook were skewed to the downside, nodding to heightening overseas uncertainties that could further delay achievement of its elusive 2% inflation target. As widely expected, the BOJ maintained its short-term interest rate target at -0.1% and a pledge to guide 10-year government bond yields around 0%. It also said it was maintaining its massive asset buying program. The BOJ kept intact its forward guid
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