Bank of Japan Keeps Monetary Policy Unchanged
At the Monetary Policy Meeting held on October 31st, the Policy Board of the Bank of Japan decided to keep the monetary policy steady, as widely expected.
The Bank of Japan will keep conducting money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen.
The Policy Board kept monetary policy steady by unanimous vote and the statement published was short and concise.
In April, The Bank of Japan decided to offer an intense burst of monetary stimulus aiming to increase the money supply, by purchasing government bonds and risky assets. It has been steady since then.
10/31/2013 9:41:27 AM