The Bank of Japan is widely expected to maintain ultra-easy monetary policy on Friday despite stronger-than-expected inflation, as it focuses on supporting a fragile economic recovery amid a sharp slowdown in global growth.
The central bank is also likely to keep intact a pledge to “patiently” sustain massive stimulus to ensure Japan sustainably achieves its 2% inflation target accompanied by wage hikes.
Read More : BOJ Maintains Ultra-Low Rates, Focus Shifts to Ueda’s Inflation Views