Bank of Japan commits to end deflation

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/RS
The Japanese central bank adopted its biggest changes in order to boost the economy and to end a twenty-year period of stagnation, committing to a stimulus monetary policy, but disappointed investors as they will delay the program until 2014. The BoJ established a 2% inflation level to be achieved as soon as possible with a 13 trillion yen a month open-ended asses purchase program starting next year.

"What disappoints me was we can see the BOJ's hesitance to step up monetary stimulus," said Takahiro Sekido, a former BoJ worker. "Abe will keep pressing the BOJ but today's decisions indicate that Abe will probably wait for the next governor to make a significant shift in monetary policy."

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