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BOJ cuts Japan's inflation forecasts for 2015
(MENAFN) The Bank of Japan (BOJ) said it cut its inflation forecast for the upcoming financial year, as the recent drop in oil prices bas put pressure on price increases, QNA reported.
However, the Policy Board decided to maintain its key easing monetary policy and assessment of the economy, adding that "Japan's economy has continued to recover moderately as a trend."
Meanwhile, the country's central bank will continue its main policy of increasing base money at an annual pace of around USD678.74 billion through massive asset purchases.
However, the Policy Board decided to maintain its key easing monetary policy and assessment of the economy, adding that "Japan's economy has continued to recover moderately as a trend."
Meanwhile, the country's central bank will continue its main policy of increasing base money at an annual pace of around USD678.74 billion through massive asset purchases.
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