BoJ is protecting its monetary policy after meeting.The Bank of Japan (BoJ) has not made any interest rate changes at today's monetary policy meeting. Recently, the depreciation in the yen has supported the Japanese economy and this situation has been positively reflected in the expectations of the institution. The data set released today in Japan is also showing a positive outlook. While the unemployment rate did not change by 3.1 percent in December, household spending declined by 0.3 percent, well above market estimates. Considering the contribution of consumption to inflation, we can evaluate this development positively.
- Date: 31 January 2017 Tue 08:26
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