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Bank of Japan kept its monetary policy unchanged
The Bank of Japan (BoJ) released its interest rate decision today. The BoJ kept its monetary policy unchanged. The BoJ said it will expand the monetary base at an annual pace of about ¥60 to ¥70 trillion. Japan's central bank added that it will continue with its quantitative and qualitative easing to achieve the 2% inflation target.
The BoJ also said that the economy in Japan "has continued to recover moderately as a trend".
"Financial conditions are accommodative", so Japan's central bank.
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