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December 19, 2014BANK OF JAPAN MONETARY POLICY Today December 19, 2014 the Bank of Japan released its statement on monetary policy. The Bank will continue the monetary policy of QQE (quantitative and qualitative easing), aiming to achieve the price stability target of 2 percent. This policy is based on continuation of a moderate recovery for the economy after the adjustment of a hike in consumption taxes has been fully dissipated. This policy is expected to keep down ward pressure on interest rates.
Source: Bank of Japan