{"id":43638,"date":"2013-10-31T01:25:49","date_gmt":"2013-10-31T05:25:49","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=43638"},"modified":"2013-10-31T01:25:49","modified_gmt":"2013-10-31T05:25:49","slug":"bank-of-japan-maintains-asset-purchase-target","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/10\/31\/bank-of-japan-maintains-asset-purchase-target\/","title":{"rendered":"Bank of Japan maintains asset purchase target"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>www.CentralBankNews.info<\/u><\/a> &nbsp; &nbsp; The Bank of Japan (BOJ) maintained its target for asset purchases with the aim of increasing the monetary base by an annual pace of about 60-70 trillion yen.<br \/>&nbsp; &nbsp; The brief statement by the BOJ did not include any further details.<br \/>&nbsp; &nbsp; In April the BOJ embarked on a new and aggressive monetary easing with the aim of doubling the country&#8217;s monetary base &#8211; banks reserves and the central bank plus currency in circulation &#8211; in order to rid Japan of nearly 15 years of deflation and boost inflation to 2.0 percent in two years.<br \/>&nbsp; &nbsp; Since June, Japan&#8217;s consumer price inflation rate has turned positive, following 12 straight months of falling prices. In September Japan&#8217;s headline inflation rate rose to 1.1 percent from 0.91 percent in August.<br \/>&nbsp; &nbsp; Japan&#8217;s economy has also been strengthening, with the Gross Domestic Product up by an annual rate of 0.9 percent in the second quarter, up from 0.3 percent in the first quarter.<br \/>&nbsp; &nbsp; At its previous meeting, the BOJ repeated that the country&#8217;s economy was &#8220;recovering moderately&#8221; while the increase in consumer prices was likely to rise gradually.<br \/>&nbsp; &nbsp;<br \/>&nbsp; &nbsp; <a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By www.CentralBankNews.info &nbsp; &nbsp; The Bank of Japan (BOJ) maintained its target for asset purchases with the aim of increasing the monetary base by an annual pace of about 60-70 trillion yen.&nbsp; &nbsp; The brief statement by the BOJ did not include any further details.&nbsp; &nbsp; In April the BOJ embarked on a new and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/10\/31\/bank-of-japan-maintains-asset-purchase-target\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bank of Japan maintains asset purchase target&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-43638","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=43638"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=43638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=43638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=43638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}