It is a sign of the caution that permeates the global economic outlook when four of the world's top central banks, all due to meet within days of each other, are almost unanimously expected to make no change to their extraord
Dashed expectations of a U.S. interest rate rise next week could force the Bank of Japan to use its dwindling policy ammunition sooner than it had wanted, as a resurgent yen further crimps the recovery in the country's export
The bank of Japan said the move was aimed at forestalling the risk of global financial turbulence hurting business confidence and reviving the "deflationary mindset" it is striving to wipe out with aggressive money printing.
The Bank of Japan kept monetary policy steady on Wednesday, preferring to save its limited options while hoping that a tight job market will lift wages and consumption enough to offset the pain from China's economic slowdown.
Japan is unlikely to see inflation hit the central bank's 2 percent target over the next 2-1/2 years as consumer spending remains weak and China's slowdown hurts exports, Bank of Japan board member Takahide Kiuchi said on Thu
Japanese stocks soared 4.8 percent to their highest close since November 2007 and the yen skidded to near seven-year lows against the dollar on Friday, after the Bank of Japan surprised markets with fresh easing steps it call