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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: regli who wrote (46138)2/9/2006 1:27:39 PM
From: mishedlo  Read Replies (2) of 116555
 
Bank of Japan to Keep Monetary Policy
forbes.com
Bank of Japan policy board members Thursday voted to hold monetary policy steady as the Japanese economy hasn't escaped from deflation.

The BOJ left its target range for liquidity, which it measures through commercial banks' account balances at the central bank, at a range of 30 trillion yen ($253 billion) to 35 trillion yen ($295 billion).
The bank also left unchanged its monthly purchases of government bonds at 1.2 trillion yen ($10.1 billion).
Thursday's decision was in line with market expectations as the BOJ-stated conditions for ending the quantitative easing haven't been met. It was also the 13th meeting a row that the vote was split 7-2.
The next BOJ policy decision meeting is scheduled for March 8-9. Market players expect the quantitative easing to be removed at either the April 11 or April 28 meeting.
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Gold blasted off.
Are they related?

Mish
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