Bank of Japan refuses to change monetary policy stance

Source: CNBC
© Scanpix/AP
The Bank of Japan decided to implement no changes to its monetary policy course, while economists expected the stimulus to be widened amid slowing economic growth in the country. Asset purchases remained on the previous level of 60-70 trillion yen. Moreover, the BoJ inflation target of 2% still has to be reached by 2016, as the regulated denied to make it a longer-term goal.
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