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(CEP News) - As was widely expected the Bank of Japan kept rates on hold at 0.50% at their monetary policy meeting on Tuesday.
The bank said the decision was unanimous and that their overall "sluggish" assessment of the economy was unchanged. They said going forward the economy should return to a moderate growth path, and that inflation will remain at current levels for some months before leveling off. They said they will guide monetary policy flexibly going forward, and noted that a prolonged easy policy will lead to a swing in the economy should downside risks falter. The bank said they will strive to maintain market stability while tensions in global markets are increasing. By Megan Ainscow,
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