DailyMarkets.com - BOJ Sees Inflation Topping 2.0 Percent Target In Fiscal 2014

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BOJ Sees Inflation Topping 2.0 Percent Target In Fiscal 2014 Posted: 26 Apr 2013 01:55 AM PDT     The Bank of Japan (BOJ) expects inflation to rise to an average 0.7 percent in the current 2013 fiscal year and then accelerate to 3.4 percent in the next fiscal year, which begins April 1, 2014, easily exceeding the central bank’s new 2.0 percent price stability target.     For the following year, fiscal 2015, inflation is forecast to ease slightly to 2.6 percent, according to the BOJ’s latest economic outlook. In the 2012 fiscal year, that ended March 31, consumer … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Japan Confirms Plan To Boost Monetary Base 60-70 Trln Yen Posted: 25 Apr 2013 09:57 PM PDT     The Bank of Japan (BOJ) confirmed that it plans to boost the country’s monetary base – the combination of cash in circulation and banks reserves at the central bank – by 60-70 trillion yen annually.     Last month the BOJ launched a new aggressive policy of “quantitative and qualitative monetary easing” to rid the country of 15 years of deflation by doubling the monetary base and buying over 7 trillion yen of Japanese government bonds a month along with purchases of real … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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