BOJ Announces Open-Ended Purchases and Sets Inflation Target at 2%

The BOJ meeting announced additional asset purchases and inflation target of 2%. The Japanese yen recovered after falling to a 2.5-year low last week, helped by comments from Prime Minister Abe’s advisor Hamada that the easing of the BOJ should slow down monetary easing if the yen has fallen too quickly.

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BOJ Announces Open-Ended Purchases and Sets Inflation Target at 2%