President Trump announced fresh sanctions on the Islamic Republic on Monday, following the downing of an unmanned American drone last week.Politicsread more
President Donald Trump's son-in-law Jared Kushner has presented a $50 billion investment plan for economic growth and peace in the Middle East that has been greeted with...World Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The Bank of Japan announced Tuesday it was keeping its monetary policy steady, a move that was in line with market expectations.
In a statement released following the conclusion of its two-day meeting, the BOJ said it would keep the short-term policy rate unchanged at negative 0.1 percent and the 10-year yield target around 0 percent.
The decision to keep policy unchanged was made following an 8-1 majority vote.
In its quarterly outlook, which was also released on Tuesday, the BOJ noted it would continue with "quantitative and qualitative monetary easing with yield curve control" for "as long as it is necessary" to achieve its 2 percent inflation target.
The central bank said it expected core consumer prices — which exclude food prices — to rise 1.4 percent in fiscal year 2018 and 1.8 percent in 2019, matching its previous forecast, Reuters said, adding that statement was a bit more positive on inflation than previously.
The BOJ expects inflation to reach 2 percent by fiscal 2019.
In a post-meeting briefing, BOJ Governor Haruhiko Kuroda said the economy was not in a situation for the central bank to consider exiting its ultra-easy policy, Reuters reported.
"Japan's economy is expanding moderately, but inflation remains weak. Other countries are facing similar situations but unlike these countries, many of whom are seeing inflation move around 1.5 percent, inflation excluding energy costs is barely above 0 percent in Japan," the news agency cited the BOJ governor as saying.
The BOJ earlier this month announced it was slightly reducing its purchases of long-dated Japanese government bonds, which led to speculation that the institution would be the latest to follow in the footsteps of global central banks in tightening policy.
But with inflation still "well below" a 2 percent target, normalization remained a premature suggestion for the BOJ, Kohei Iwahara, an economist at Natixis Japan Securities, wrote in a note ahead of the central bank's Tuesday announcement.
"Any hint to normalize could strengthen the yen further, increasing challenges of the BOJ to meet the inflation target," Iwahara added.
Japan's core consumer price index increased 0.9 percent on year in November, the 11th consecutive month a rise was recorded.
The metric is forecast to grow by the same level in December, according to a Reuters poll. December data is scheduled to be released on Friday.
When both food and energy prices are excluded, however, consumer prices rose just 0.3 percent in November.
Given those figures, "it's very hard to believe [the] BOJ will send any signal that they will change the policy anytime soon," Kazuo Momma, executive economist at Mizuho Research Institute told CNBC's "The Rundown."