Friday, March 8, 2013

Bank Of Japan Keeps Policy Unchanged

The Bank of Japan's monetary policy statement is out.

And as expected, nothing has changed.

The BOJ is keeping interest rates unchanged.

Also, it's keeping its asset-purchase fund at ?76 trillion.

"Japan's economy has stopped weakening," they wrote.

Experts don't expect much action until the uber-dovish Haruhiko Kuroda takes the helm at the Bank.

Meanwhile, Japan's stock market is still up with the Nikkei north of 12,000.

Source: http://www.businessinsider.com/bank-of-japan-decision-2013-3

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