The Bank of Japan on Friday decided to trim its COVID-19 funding support for big firms as their financing conditions have improved but was in no hurry to move toward policy normalization without accelerating inflation, in contrast to its U.S. and European peers.With the discovery and spread of the Omicron variant of the novel coronavirus adding a layer of uncertainty over its economic impact, the BOJ decided at a two-day policy meeting to keep its ultraloose monetary easing steps unchanged.Surging inflation that came with an economic recovery and supply bottlenecks has prodded the U.S. Fede…READ FULL ARTICLE
