The Japanese Central Bank announced this morning that it does not want to change the reference rates, which thus remain between 0 and 0,1% - The institute is engaged in the fight against the deflationary spiral and hopes for a recovery in growth between the end of 2011 and the beginning of 2012.
The Japanese battle against the monster of deflation continues. The Bank of Japan (Japan's central institution) announced this morning that it does not intend to raise its reference rate, which thus remains anchored at the lowest possible level, between 0 and 0,1%.
A decision taken unanimously by the Bank's board, which today also communicated some forecasts on the country's economic trend, hoping for a moderate recovery in growth between the end of 2011 and the beginning of the new year.
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