The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its June 2018 meeting, as widely expected. Policymakers also kept its 10-year government bond yield target around zero percent but lowered their views on inflation to be in a range of 0.5 to 1 percent for 2018 fiscal year. Previously in April, the central bank said inflation was moving around 1 percent.
Comment
⋅
The results matched up with our weekly analysis sent to VIP clients