China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
Australia Housing Crisis Deepens as Worker Shortages Delay Homebuilding 
Trump Weighs Capital Gains Tax Cuts Ahead of Midterms 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
The Bank of Japan has failed on its attempts to boost the ailing Japanese economy, even after adopting measures to boost inflation to its 2 pct inflation target, Bloomberg reported.
On the financial front, stocks have been stagnant where they were in October 2014 after Governor Kuroda expanded his asset purchase program. In addition, exports are declining, with most sovereign bonds turning negative and corporate bonds lagging far behind.
The BoJ’s decision to hold off on adding stimulus last month, as it evaluates the impact of negative rates, sent the yen surging and stocks slumping.
"Japan might be starting to run out of road a bit on the monetary policy front," Bloomberg reported citing Andrew Colquhoun, the head of sovereign rankings for the region at Fitch in Hong Kong.
The Central Bank Govrnor had further reiterated that the BoJ will take additional stimulus measures, if needed, in three dimensions- quantity, quality and interest rate without much thought, to achieve the price stability target.
