Tokyo, Oct 31 Bank of Japan said on Thursday that it would maintain its monetary easing measures to combat chronic deflation and stimulate the nation’s economy.
In April, the bank had decided to introduce aggressive monetary easing steps to achieve 2 per cent inflation within about two years in a country which has been plagued by 15 years of deflation.
Consumer prices rose 0.7 per cent in September compared with a year earlier for the fourth consecutive month of increase, on higher electricity and gasoline prices, amid a fall in the yen.