Japan: Bank of Japan keeps monetary policy unchanged; yen depreciates to four-year low

At its 19–20 December monetary policy meeting, the Bank of Japan (BoJ) decided to maintain its stance on monetary policy unchanged. The Bank also unanimously decided to continue implementing money market operations so that the monetary base—its main policy instrument—would increase at an annual pace of between JPY 60 and 70 trillion (approximately USD 608 and 710 billion). This decision, which was in line with market expectations, aims at achieving the price stability target of 2.0%.

Read more about Japanese Monetary Policy.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s