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BoJ Minutes: Moderate Expansion Continues For Japan Economy

TOKYO (Alliance News) - Members of the Bank of Japan's monetary policy meeting said that the ...

Alliance News 25 September, 2018 | 1:20AM
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TOKYO (Alliance News) - Members of the Bank of Japan's monetary policy meeting said that the country's economic expansion is continuing at a modest pace, minutes from the bank's meeting on July 30 and 31 revealed on Tuesday.

Annual inflation is expected to gradually continue rising towards the target goal of 2%, the minutes said.

Overseas economies are generally seeing continued growth, the minutes said, although global financial markets are intermittently seeing periods of instability.

At the meeting, the central bank retained its massive monetary stimulus as expected, including the -0.1% interest rate on current accounts that financial institutions maintain at the bank.

Copyright RTT News/dpa-AFX

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