The Japanese central bank is leaving its flexible monetary policy unchanged for the time being. The Bank of Japan (BoJ) announced this on Thursday. The decision to maintain the policy was expected on the financial markets.
Experts point out that the economic picture has improved, among other things due to the government’s fiscal stimulus package and the progress in trade negotiations between the economic superpowers China and the United States. These are important trading partners of Japan. There are also signs that the global economic downturn has now reached a low point.
Although the central bank maintained its most important economic forecasts, it was scaled down somewhat for industrial production. That happened after a fall in production in October. The decline was partly due to bad weather, but was also due to the Sino-US trade conflict.
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