The Wall Street Journal: Bank of Japan keeps monetary policy unchanged

TOKYO — The Bank of Japan left policy unchanged Thursday, sticking with its expansionary measures even though other major central banks, including the Federal Reserve, are shifting away from years of unusually aggressive stimulus.

Japan’s economy is recovering with the help of a weaker yen and other unexpected tailwinds stemming from Donald Trump’s rise to the U.S. presidency. But economic growth and stable inflation still remain far from the levels promised by Prime Minister Shinzo Abe and the Bank of Japan.

Continued signs of strength in the U.S. economy prompted the Fed overnight to raise rates for the third time since the global financial crisis.

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