BOJ makes changes to policy guidelines

At the Bank of Japan's Monetary Policy Meeting held on Tuesday 20 January, the bank decided to change the main operating target in the guideline for money market operations.

The target balance of current accounts held at the bank was raised from 'around 27 to 32 trillion yen' to 'around 30 to 35 trillion yen'.

Japan's economy is recovering gradually, and is anticipated to continue recovering. Given persisting structural problems, such as debt overhang, the pace of recovery is expected to remain

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