Japan retains 0.1% rate
by Richard Kilner
Story link: Japan retains 0.1% rate
The Policy Board of the Bank of Japan has elected to leave unchanged the country’s interest rate at 0.1%.
The decision, made unanimously by the Policy Board, comes as Japan continues to see its moderate recovery underway.
Exports and production continue to rise, and business fixed investment is showing positive signs.
Excluding fresh food, CPI is still falling, but at a slower rate of decline than was previously the case.
Overseas economies are still growing, and at a faster rate, although there is uncertainty about the USA in particular.
The Bank of Japan has pledged to enact monetary policy to help support the country’s recovery and promote economic growth.
Later this week the Bank of England will announce its monetary policy decision, with the likelihood being a retention of the historic low 0.5% rate.