BoJ keeps monetary policy unchanged

Source: Bloomberg
The Bank of Japan decided to keep the amount of asset purchases on previous levels, as board members expect that inflation level in the country will finally reach the target of 2% by the year 2016. Nowadays, the annual rise of the monetary base stands at 60-70 trillion yen. As predicted by BoJ economists, inflation will reach as much as 2.1% in 2016, increasing from 1.3% this year.
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