FXStreet (Bali) – As widely expected, the BOJ announced no changes in monetary policy. The market is now expecting Governor Kuroda 06.30GMT press conference.
Key headlines – via Reuters
BOJ keeps monetary policy steady, pledges to increase monetary base at annual pace of 80 trln yen
BOJ policy decision was made by 8-1 vote
BOJ board member kiuchi votes against policy decision
BOJ board member kiuchi proposed tapering annual jgb purchases to 45 trln yen, which was turned down by majority vote
Kiuchi proposed keeping asset buying, zero rates for as long as needed under flexible price target, which was turned down by 8-1 vote
BOJ says japan’s economy continues to recover moderately, keeps assessment unchanged
Consumer inflation likely to hover around zero pct for time being due to energy price falls
(Market News Provided by FXstreet)