Statement Thursday: Bank and Lending Program

statement thursday: The BOJ also kept its guidance on policy unchanged, and outlined details of a stock-fund lending program aimed at improving the sustainability of its easing program. ; The bank has reached the end of a precarious year without having to delve deeper into its depleted ammunition, despite a wave of easing by central banks when global deceleration looked set to deepen sharply, according to The Japan Times. That wave has largely come to an end, with the Federal Reserve pausing its interest rate cuts and new European Central Bank chief Christine Lagarde signaling the worst is likely over for the eurozone's economy. The central bank maintained its target for interest rates and asset purchases, according to its statement Thursday, in line with the view of all 45 economist surveyed by Bloomberg. The phase one U.S.-China trade deal, a stabilizing of global manufacturing readings and a stronger mandate for the U.K. to leave the European Union have also given time for Gov. RELATED STORIESEconomists agree on one thing about Abe's stimulus package It helps the Bank of Japan Bank of Japan's next move will be to dial back stimulus, most economists now say The recent developments were hinted at in the statement, with the BOJ no longer describing overseas risks to the economy as increasing. Haruhiko Kuroda to assess how Prime Minister Shinzo Abe's 13 trillion fiscal package will prop up growth as the economy contends with a sales tax increase, an export slump and destruction caused by a super typhoon. (news.financializer.com). As reported in the news.