Reuters Business News – Spoken Edition
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Business news & financial news from Reuters. A SpokenEdition transforms written content into human-read audio you can listen to anywhere. It's perfect for times when you can't read - while driving, at the gym, doing chores, etc. Find more at www.spokenedition.com.
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BOJ keeps policy steady, pushes back timing to hit price target
2 days ago
TOKYO (Reuters) - The Bank of Japan kept monetary policy steady and pushed back again the timing for achieving its 2 percent inflation target on Thursday, reinforcing expectations it will lag well behind major global central banks in dialing back its massive stimulus program. In a widely expected move, the BOJ maintained the 0.1 percent interest it charges on a portion of excess reserves that financial institutions park at the central bank.