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The Bank of Japan today cut their interest rates to almost zero and announced its asset purchase program. The decision to add stimulus was quite unexpected and the yen fell against the euro and the pound in Great Britain. The weakness of the dollar allowed that the Japanese currency managed to overcome his American counterpart.

The Bank of Japan cut its target of so-called night of 0.1 per cent to almost zero rate says:

The Bank held virtually zero interest rate policy until judges, on the basis of the "understanding of medium and long-term price stability" as price stability is given, provided that there is no problem identified in the review of the risk factors, including the build-up of financial imbalances.

The Bank also said that goes "to buy various financial assets, such as government securities, commercial paper (CP), corporate bonds, marketable funds (ETFs) and Japan property investment trust (J-REIT) roots" and that "the pace of recovery is decreasing due to the slowdown in overseas economies and the effects of the appreciation of the yen in the sense of business".

Japan may be just the first to introduce the acceleration, followed by other developed countries.The manufacturer of the policy of the Bank of England will discuss more stimulus tomorrow, while central banks of Australia, Canada, New Zealand, decided to pause the unwillingness tasas.La increases to increase interest rates may signal that recovery is vacilante.Algunos analysts think that lower interest rates do not help at all to the economy and that can even zoom in double-dip recession

DOLLAR / Japanese YEN fell slightly from 83.35 to 83.22 as of 22: 54 GMT, once reached the intraday 83.97.Advanced 114.07 at 115.15, while the GBP/yen rose 131.93 to 132.24 EUR/JPY.

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