Bank of Japan To Keep Policy The Same

japan

The Bank of Japan will be meeting soon to discuss economic policy. Economists don’t expect much change in their 270 trillion yen monetary outlook (by the end of 2014) policy, which is in place to achieve a 2 perfect inflation target.

The policy was kick-started in April and will likely go through at least the end of 2014.

Recent data in Japan is encouraging to Japanese lawmakers. The unemployment rate is at it’s lowest in about 5 years and consumer spending is strong.

The Yen has been weak for the past few days against the U.S. Dollar, but it doesn’t look like the 99.50 resistance will be broken.

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