BoJ will not change the policy despite rising yields

Source: Bloomberg
© Scanpix/Reuters
The Bank of Japan affirmed its decision to double the money supply by expanding it $683 billion a year in an attempt to increase inflation in the country. The decision came despite rising government bond yields, which might undermine the central bank's efforts to revive the economy. However, surging stock market and the depreciating Yen, which has lost 16% of its value since the beginning of the year, indicates a positive effect of the monetary easing.
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