BoJ cuts growth, inflation view as Japan economy stalls

Weak inflation and consumer spending have contributed to a slowdown in Japan's growthThe Bank of Japan on Friday cut its growth outlook and pushed back the timeline for a key inflation target, but held off fresh easing even as Tokyo’s blueprint for reviving the world’s number three economy falters. The central bank’s chief left the door open to more stimulus, however, and said there was “no limit” to what policymakers could do. Japan is teetering on the edge of recession in the face of slowing growth in China and shaky global economy, while weak inflation and consumer spending at home have also helped slam the brakes on growth.

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