BoJ sees inflation remaining at 0% for 'the time being'

BoJ governor Haruhiko Kuroda

The Bank of Japan (BoJ) expects the country's inflation rate to remain at 0% for "the time being" due to lower oil prices, but will make no changes to the size of its monetary easing programme.

The central bank conducts regular market operations, known as quantitative and qualitative easing (QQE), with the aim of growing Japan's monetary base by ¥80 trillion ($700 billion) annually and reversing a decade-long deflationary spiral.

However, following an initial spell of success, which saw the BoJ

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