BOJ expected to maintain ultra-loose monetary policy
Money Talks
English - April 21, 2023 13:11 - 4 minutesBusiness News Business News business money finance banking currency stocks politics economy economics analysis Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Asia-Pacific markets are all in the red today as Japan's core inflation for March was unchanged from February, steady at 3.1%. This level is well above the Bank of Japan's target range as government subsidies so far only had a limited effect in bringing down price pressures. High inflation has battered Japan's economy since late 2022. Friday's reading comes ahead of a Bank of Japan meeting next week, where the bank is widely expected to maintain its ultra-loose policy under new head Kazuo Ueda.
#JapanEconomy #JapanInflation #BankofJapan