Forex News – BoJ eases to fight deflation
Posted on October 31, 2014 at 12:49 pm GMTFor the first time in over a year and a half, the Bank of Japan decided to launch another round of stimulus measures, known as quantitative easing. After concluding its monetary policy meeting on Friday, the Japanese central bank announced it would raise its monetary base target to an annual increase of 80 trillion yen from 60-70 trillion yen. The reason behind the BoJ’s move today was to combat risks of deflation, as the Bank was concerned that its 2% [..]