Bank of Japan Set to Hang Up Its 'Bazooka'?


The Bank of Japan's first big meeting of 2014 ends with few tweaks to monetary policy, and there's good reason why board members are content to stay put for now. With Abenomics in its second year the economy is showing more signs of life. Japan Inc. is finally investing more, with machinery orders at a five-year high. And prices are rising even faster than the BOJ's own forecasts. Consumer prices climbed 1.2% in November, passing the halfway mark to the bank's 2% inflation target.