The Bank of Japan has announced its decision to set a two percent inflation goal, and also vowed to simplify monetary conditions “decisively” in the end of a two-day policy meeting.
“The bank sets the ‘price stability target’ at two percent in terms of the year-on-year rate of change in the consumer price index,” the Bank of Japan said in a statement. “The Bank will pursue aggressive monetary easing … through a virtually zero interest rate policy and purchases of financial assets,” it added.
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