Bank of Japan (BoJ) maintains monetary policy unchanged
The Bank of Japan (BoJ) kept its monetary policy unchanged at its meeting on Friday, choosing to wait for further signs of the economy before taking any action.
The Bank of Japan (BoJ) kept its monetary policy unchanged at its meeting on Friday, choosing to wait for further signs from the economy before making any decisions.The institution also kept its asset purchase program target unchanged at 80 trillion yen per year.This decision was made by a score of 8 votes in favor and 1 against.Many economists expected the BoJ to expand its asset-buying program to pursue the increasingly distant target of 2% inflation.The program is the main tool of the Japanese Central Bank to overcome more than a decade of deflation.Recently, prices in the country have fallen again in the country, which since mid-2014 has struggled to boost its economy.Among the main obstacles is the slowdown in...
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