The M2 money stock in Japan was up 2.7 percent on year in January, the Bank of Japan said on Thursday - coming in at 1,213.5 trillion yen.
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This is a discussion on JPY News within the Analytics and News forums, part of the Trading Forum category; The M2 money stock in Japan was up 2.7 percent on year in January, the Bank of Japan said on ...
Despite rising inflationary pressures, the Bank of Japan continued to maintain its ultra-loose monetary policy in contrast to the stance of its hawkish peers. At the second rate-setting meeting chaired by new Governor Kazuo Ueda on Friday, policymakers unanimously voted to maintain a negative interest rate of 0.1 percent.
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Japan is one of the developed countries and the JPY currency is considered by some investors to be a safe-haven currency besides CHF. Recently, it was reported that the BoJ was raising interest rates, the impact of which was that the JPY strengthened because demand increased, but currently the USDJPY may be correcting because the price has reached oversold price level.
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