BoJ forecasts GDP growth and inflation for 2014

Note: This section contains information in English only.
Source: Reuters
The Japanese gross domestic product growth was revised up for the fiscal year of 2014 starting in April together with raising the inflation target to almost 2% in two years, a report released by the nation's central bank showed on Thursday. According to the report Japan's economic growth is forecast to reach 1.5%, while the core consumer inflation rate is expected to record 1.3% and 1.9% in 2014 and 2015 respectively.

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Thu, 31 Oct 2013 11:35:05 GMT

U.S. Dollar trades near 2-week high after Fed's meeting

The U.S. Dollar fluctuated on Thursday and traded close to the highest level in two weeks against the majority of its most-traded counterparts after the Federal Reserve is set to continue its bond-purchasing program. The U.S. Dollar index slipped 0.1% to 79.704 traded near the strongest level since October 17 at 79.905 where it was seen on Wednesday.

Thu, 31 Oct 2013 11:13:04 GMT

Asian shares drop on Fed's continued stimulus

Asian markets declined on Thursday, while Australian stocks remained steady after a two-day meeting of the Federal Reserve resulting in maintaining the bond-purchasing program until the end of the year at least. The MSCI Asia-Pacific outside Japan slipped 0.6%, the Shanghai Composite Index also slid 0.6% and the Australian gauge held unchanged.

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