BoJ holds QQE fire but pushes back inflation forecast

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The BoJ

Japan's central bank today (October 30) held fire on additional qualitative and quantitative easing, despite revising down the country's growth and inflation outlook.

Analysts had been split on whether the Bank of Japan would expand its current programme, which sees the bank buy ¥80 trillion ($664 billion) worth of financial assets annually, amid stalling inflation.

The BoJ's "Outlook for Economic Activity and Prices", released in conjunction with the decision, revised down the growth forecasts

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