Japan Economy: BOJ maintains upbeat view
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Moving to Japan now. Japan's central bank on Friday maintained its pledge of holding short-term interest rates at minus 0.1 percent and 10-year government bond yields around zero percent. Bank of Japan governor Haruhiko Kuroda said Japan's economy is expanding moderately and the BOJ would continue its quantitative and qualitative monetary easing with a yield curve control. Take a listen.
HARUHIKO KURODA, GOVERNOR BANK OF JAPAN "Japan's economy is expanding moderately, with a forward-looking cyclical mechanism from income to expenditure. Aiming to achieve 2 percent inflation and maintain it stable, Bank of Japan will continue quantitative and qualitative monetary easing with a yield curve control. Each country's trade policy could affect not only specific countries but also global growth and financial markets, so we need to carefully watch developments in trade policies."