BoJ sees growing consumption

Source: Dukascopy Bank SA


The Bank of Japan has kept its Policy Rate at 0.25%. Meanwhile, the central bankers have published their Monetary Policy Statement. In general, the bank has revealed that it has observed a moderate increase in consumption.

The increasing consumption might eventually cause rising prices, which would then devalue the Yen. In this case scenario, the central bank would have to hike rates even more. Due to this reason, the Japanese Yen strengthened on the announcement.
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