BoJ Keeps Monetary Stimulus Unchanged; Upbeat On Economy

Posted on Dec 19, 2014

The Bank of Japan decided to leave its monetary stimulus unchanged in order to assess the impact of its past massive easing. The unchanged stance came despite falling oil prices posing a threat to the central bank's 2 percent inflation target. The Policy Board of the BoJ on Friday voted 8-1 to maintain the annual pace of increase in the monetary base at about JPY 80 trillion.

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