Yen sudden dive! Bank of Japan on hold

Under the eyes of the world, the Bank of Japan remains on hold and maintains an accommodative stance. Shortly after the decision was announced, the yen fell nearly 2.4 percent, or more than 30,000 points, against the dollar. The Japanese stock market soared sharply as a result. In addition, the Bank of Japan has also lowered its GDP forecast for the past three fiscal years, and raised its core CPI forecast for fiscal years 2022 and 2024 and the CPI forecast for fiscal year 2023 excluding energy, indicating that prices still face upside risks. | Related Reading (Wall Street Insights)

This article is reproduced from: https://www.fortunechina.com/jingxuan/26142.htm
This site is only for collection, and the copyright belongs to the original author.