BoJ keeps rates low unless inflation steadies at 2%

Source: RTT News
© Scanpix/RS
The central bank of Japan will likely to maintain its benchmark interest rates unchanged at a record lows until its inflation target of two percent is achieved, the BoJ Governor Kikuo Iwata claimed on Thursday. The Bank of Japan keeps the rates low even if the 2% inflation target is reached on an annual basis, unless the consumer prices stay around 2% in stable manners.

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