Bank of Japan keeps its monetary policy unchanged, BoJ Governor Haruhiko Kuroda expects consumer price inflation to achieve the central bank's 2% target around April to September 2016

Market news

19 June 2015

Bank of Japan keeps its monetary policy unchanged, BoJ Governor Haruhiko Kuroda expects consumer price inflation to achieve the central bank's 2% target around April to September 2016

The Bank of Japan (BoJ) released its interest rate decision on Friday. The BoJ kept its monetary policy unchanged (interest rate: 0.00-0.10%, monetary base target: 275 trillion yen). The central bank will expand its monetary base at an annual pace of 80 trillion yen. This decision was expected by analysts.

The central bank voted 8-1 to keep its monetary policy unchanged.

The BoJ Governor Haruhiko Kuroda said at a press conference that exports were picking up. He expects that consumer price inflation to achieve the central bank's 2% target around April to September 2016.

The BoJ said that housing investment seems to pick up, while capital expenditure grew.

Public sector net borrowing in the U.K. rises to £9.35 billion in May

Greece's primary budget surplus totals €1.51 billion in the first five months of the year

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