Forex News – Bank of Japan remains upbeat on inflation resulting in steady yen
Posted on July 15, 2014 at 10:53 am GMTThe Bank of Japan’s latest meeting delivered few surprises and hence mostly reaffirmed what the market knew already. The Bank left its monetary stimulus unchanged at a pace of 60-70 trillion yen a year. This has led to 10-year yields on Japanese Government Bonds dropping t0.54%. The Bank’s forecast that inflation would reach 1.9% during the year starting in April 2015 was unchanged from its previous meeting. This meant that the chances of additional stimulus during the year have diminished. [..]