Japanese rates on hold

The Bank of Japan's Monetary Policy Committee decided on 15 June, by a unanimous vote, to leave interest rates at 0.5%.

The decision comes on the back of figures released earlier in the week which showed that the economy grew at an annual pace of 3.3% for the first three months of this year, much higher than earlier estimates of 2.4%. Unemployment has also declined to 3.8%, the lowest level in nine years.

But, despite the rosy outlook for the economy, the inflation outlook remains a concern. Co