BOJ keeps policy steady, eyes on new CPI forecasts

April 30, 2015 4:19 AM

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BOJ keeps policy steady, eyes on new CPI forecasts

The Bank of Japan maintained its massive monetary stimulus on Thursday, holding off on additional easing for now on hope that rising wages and an expected rebound in private consumption will nudge inflation towards its 2 percent target.

As widely expected, the BOJ left unchanged its pledge to increase base money, or cash and deposits at the central bank, at an annual pace of 80 trillion yen (USD 672 billion) through purchases of government bonds and risky assets.

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