Bank of Japan Keeps Policy Steady, Changes View on Inflation Risks

Bloomberg Markets and Finance published this video item, entitled “Bank of Japan Keeps Policy Steady, Changes View on Inflation Risks” – below is their description.

The Bank of Japan kept its negative interest rate, bond yield target and asset purchases unchanged. And the central bank adjusted its view of inflation risks for the first time since 2014. Enda Curran reports on “Bloomberg Markets: Asia.”

Bloomberg Markets and Finance YouTube Channel

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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Japan is an island country in East Asia located in the northwest Pacific Ocean. Part of the Pacific Ring of Fire, Japan comprises an archipelago of 6,852 islands covering 377,975 square kilometers (145,937 sq mi); the country’s five main islands, from north to south, are Hokkaido, Honshu, Shikoku, Kyushu, and Okinawa. Tokyo is Japan’s capital and largest city.

Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.

Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.

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