BOJ Keeps Monetary Policy Unchanged

posted on October 8, 2015

The Bank of Japan decided to keep its monetary policy unchanged at a two-day Policy Board meeting that ended Wednesday.

The nine-member board decided by a vote of eight to one to maintain the policy of increasing the country's monetary base at an annual pace of 80 trillion yen to achieve the central bank's 2 pct inflation target.

Board member Takahide Kiuchi, again, proposed lowering the monetary base growth target to 45 trillion yen, but the proposal was rejected by a majority vote.

"Japan's economy has continued to recover moderately, although exports and production have been affected by the slowdown in emerging economies," the BOJ said in a statement after the meeting, leaving its basic economic view intact.

source by newsonjapan
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