BOJ’s rate decision

Board members at the Bank of Japan decided during today’s board meeting to keep the nation’s interest rate unchanged for another round at zero levels between 0.0% and 0.10% to spur the world’s third largest economy and end the 15-years of deflation as well as reaching the 2% inflation target.

Meanwhile, the Bank of Japan kept its monetary base plan between 60 to 70 billion yen annually, where the bank assured stimulus plans as bonds rose to the highest in five years.

On the other side, BOJ noticed slight decline in Japanese consumer prices which is expected to incline again dramatically, where the bank noted that Japanese economy still face challenges to reach the stability.