BOJ retains dovish stance despite market expectations of policy shift

Bank of Japan Governor Kazuo Ueda said Friday after the central bank left its monetary easing policy in place that it is still premature to envision a change, be it ending negative interest rates or its yield cap program.Despite market expectations that the BOJ could pare back monetary stimulus sooner rather than later, it did not signal a shift in its dovish stance, maintaining that stable inflation is not in sight.Sustained wage growth is one of the critical factors in determining whether the time is ripe for a policy change, Ueda said at a press conference at a time when rising prices ar…READ FULL ARTICLE