Japanese officials are less optimistic regarding inflation

Source: Reuters
© scanpics/RS
The Bank of Japan is now expecting it will take more time to achieve a target of 2%, outlining the difficulties because of the low energy prices. The Yen climbed versus the Dollar, while the Japanese equities dropped since the BoJ postponed expansion of economic incentives. The BoJ will raise money base at an annual amount of 80 trillion yen by purchasing government bonds.
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