BoJ Maintains Massive Monetary Stimulus

Posted on Nov 19, 2014

The Bank of Japan maintained its massive monetary stimulus a day after Prime Minister Shinzo Abe called for an early election and put off a proposed sales tax hike. The Policy Board of the BoJ on Wednesday voted 8-1 to maintain the annual pace of increase in the monetary base at about JPY 80 trillion as they wait to see the effect of surprise expansion decision taken late last month.

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