Shinzo Abe

BOJ is said to see little immediate need for adding stimulus

TOKYO _ Bank of Japan officials see little need for an immediate expansion of monetary stimulus and would prefer to hold off to get a clearer picture of the economic outlook, according to people familiar with their deliberations. Board members who gather for a policy meeting Oct. 6-7 want the opportunity to observe further economic data and developments in financial markets at home and abroad, according to the people, who asked not to be named because talks are private. With strong corporate profits and a tight labor market, officials at the bank still see a virtuous economic cycle taking root in Japan, said some of the people. Inflation, excluding the impact of falling energy prices...