Bank of Japan to keep stimulus amid low inflation

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Source: Bloomberg
After the Friday meeting, the Bank of Japan decided to continue stimulating the country's economy, while the inflation rate in Japan may be increased to 2% by 2015. As expected by economists, the BoJ will raise the monetary base by 60-70 trillion yen annually. Moreover, the easing policy led to decrease in the yen's value, which has already lost 17% versus dollar this year.
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