Fri, 08 Aug 2014 08:17:08 GMT
Bank of Japan retains monetary policy, hints at lower exports
The Bank of Japan kept its promise to increase the base money with asset purchases of about 60-70 trillion yen per year. Further, the central bank added that it plans to continue an even more aggressive QE next year. In addition the BoJ warned about weak exports as the Japanese economy seems to be experiencing a slowdown mostly due to