• Bank of Japan left its monetary policy unchanged

Market news

21 May 2014

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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