Today, the Bank of Japan noted the continuation of the moderate economic recovery. At the same time the regulator has decided to leave the monetary policy parameters unchanged and maintain the volume of asset purchases by 80 trillion yen annually. At the same time, inflation according to analysts of the Bank will reach target level of 2.0% in the middle of 2016. Record profits of Japanese corporations allow local companies to increase investment programs and raise wages, which should support growth in the markets of countries in the long run. Our medium-term outlook for the Japanese stock market remains positive.