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.

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