BOJ goes for bond-buying operation to slow a rise in government bond yields
TOKYO – Japan's government will extend until the end of April next year subsidies aimed at curbing fuel prices, according to a draft of the government's economic stimulus package reviewed by Reuters on Tuesday.A key measure of Japan's trend inflation accelerated to 2 per cent in September, hitting a record and matching the central bank's target, data showed on Tuesday, heightening the case for dialling back its massive monetary stimulus.
The outcome will likely be among factors the BOJ board will scrutinise in producing fresh inflation forecasts at a two-day policy meeting ending on Oct 31. While the core price gauge has exceeded its target for more than a year, the BOJ has pledged to keep ultra-low interest rates until 2pc inflation can be achieved on a sustained manner backed by solid consumption and wage increases.
Unlike the consumer price index which is swayed by fuel and energy costs, the weighted median inflation rate is useful to trace how broadly prices are rising and is closely watched by the BOJ for clues on the broad price trend.The BOJ announced an unscheduled bond operation on Tuesday, as it sought to slow a rise in Japanese government bond yields that had brought them to fresh decade highs.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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