18.02.2015 - Bank of Japan kept monetary policy parameters
Statement by the Bank of Japan has led to a drop in prices of the Japanese yen against the US dollar. According to the report, the annual volume of asset purchases will be 80 trillion yen. The main purpose of the soft monetary policy remains the inflation rate in the country, as well as support for production and consumption in the country. The Bank of Japan expects growth of inflation to 1.9% in 2015 fiscal year, and increased its estimate of exports and industrial production in the country. Factor that restrains the fall of the yen remains geopolitical tensions related to the Ukrainian crisis and the problems with the restructuring of Greek debt. We predict the fall of the yen in the medium and short term.