The Bank of Japan is scheduled to set its monetary policy after a two-day meeting, ending the speculation of its reduction of rates and its economic stimulus after its years of policy changes. The results of Japanese retail sales did not meet the expectations released on Monday. It climbed 0.6 percent last month which is lower than the median market forecast increase of 1.3 percent. Tenuous consumer spending continues to beleaguer Japan’s economy although for the past third quarter for the whole July to September driven by high demand for exports despite low domestic activity. Japan’s Core Consumer prices declined to its slowest pace for almost a year signaling possibility for inflation and domestic demand to recover in the succeeding months.
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