申論題

第二題：英翻中【配分 25 分】 The Bank of Japan revised down its inflation assessment and stuck to an ultra-loose monetary policy on Friday, bucking the global trend toward tightening. As Japan’s core consumer-price index, which excludes fresh food prices, rose 0.7% from a year earlier in April, decelerating for two consecutive months, the BOJ’s policy board voted 8-1 to stay on an easing path. The Bank left the yield target on 10-year Japanese government bonds around zero and the short-term deposit rate at minus 0.1%, while keeping its pledge to buy government bonds at an annual rate of ¥80 trillion ($725 billion). The decision contrasts with other central banks including the Federal Reserve, which on Wednesday raised its policy rate for the second time this year and set the stage for two more increases in 2018.