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- Bank of Japan left its monetary policy unchanged
Bank of Japan left its monetary policy unchanged
The Bank of
Japan (BoJ) released the interest rate decision on Wednesday:
- BoJ has
left its key interest rate at 0.1%;
- Bank of
Japan will continue to increase the monetary base at a pace of ¥60 trillion to
¥70 trillion per year.
The Bank of
Japan Governor Haruhiko Kuroda said in a press conference:
- Japanese economy
is on its “gradual recovery track”
- He doesn't
see much need for further stimulus measures;
- BoJ will
continue with the current monetary policy until the 2% inflation target is
achieved;
- He doesn’t
see any reason for the yen to strengthen;
- There are no changes in the upward trend of the
stock markets.
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