 |
|
|
Something new in your business? Click here to submit your business press release Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery |
|
|
BOJ stands pat on policy, keeps economic view intact [December 20, 2013] TOKYO (Reuters) — The Bank of Japan kept monetary policy steady on Friday and maintained its view that the economy is recovering moderately, encouraged by growing signs the benefits of its massive stimulus are spreading through broader sectors of the economy. |
|
As widely expected, the BOJ voted unanimously to
maintain its pledge of increasing base money, or cash and
deposits at the central bank, at an annual pace of 60 trillion
yen ($581 billion) to 70 trillion yen. Governor Haruhiko Kuroda will hold an embargoed news conference
from 3:30 p.m. (0630 GMT) with his comments expected to come out
any time after 4:15 p.m. (0715 GMT). The BOJ offered an intense burst of monetary stimulus in April,
pledging to double the supply of money in two years by boosting
purchases of government bonds and risky assets. It has stood pat
on monetary policy since then. (Reporting by Leika Kihara, Stanley White and Tetsushi Kajimoto; editing by Edmund Klamann) [© 2013 Thomson Reuters. All rights reserved.] Copyright 2013 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
|
 |
|
|
|
|
|
|
