Fri, 20 Dec 2013 12:04:05 GMT
Bank of Japan to keep stimulus amid low inflation
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%