The Bank of Japan left interest rates on the Yen steady at 0.5 percent.
The bank cited that economic recovery was slowing further and that CPI was showing an increase in inflation to 1.8 percent. The BOJ sees real GDP growth for 2009 at 1.5 percent. The BOJ stays commited to a flexible monitary policy and made no indication for future moves.
Comment: No real surprise there, slowing growth and increasing inflation. It sounds like the same shot being heard around the world.
The bank cited that economic recovery was slowing further and that CPI was showing an increase in inflation to 1.8 percent. The BOJ sees real GDP growth for 2009 at 1.5 percent. The BOJ stays commited to a flexible monitary policy and made no indication for future moves.
Comment: No real surprise there, slowing growth and increasing inflation. It sounds like the same shot being heard around the world.
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