Economics
Bank of Japan on Hold Falls Further Behind Its Global Peers
BOJ Maintains Policy Rate at -0.1 Percent
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On cruise control, the Bank of Japan is looking like a laggard.
In the space of a day the Federal Reserve and China’s central bank raised borrowing costs, while the BOJ stood pat. With its core inflation target just a distant goal, the Bank of Japan still has a long haul ahead despite four years of the world’s most radical monetary policy.