Bank of Japan did not undertake any changes to
its monetary policy after a two-day meeting that ended on Tuesday morning.
The result coincided with forecasts of analysts, who point out that the
institution would hardly accept additional
incentives without cautiously estimating the impact of the January reduction of
interest rates on some deposits in negative territory. However, investors do
not exclude the central bank to decide further actions to support the economy
in July.
In its observations the regulators emphasize that will not hesitate to vote new
relief of monetary policy, if necessary, to be achieved target inflation rate
of 2%.
The central bank also said that carefully monitor the recent volatility in
financial markets and its possible impact on business confidence. The
institution estimated growth of exports and the industry as a slow and revise
downward inflationary expectations.
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