BoJ: Little clues on further easing by month-end

FXStreet (Bali) – The Bank of Japan kept its monetary policy steady, pledging to increase monetary base at annual pace of 80 trln yen.

Today’s decision does not provide new hints on whether or not further easing will come into action when the bank meets again in Oct 30th.

Additional headlines via Bloomberg

Some cautiousness in business sentiment in some areas

Business sentiment has stayed at favorable level

BOJ sees economy continuing to recover moderately

CPI likely to be about 0% for time being

Easing is exerting intended effects

Inflation expectations rising from longer-term view

BOJ votes 8-1 to keep monetary base target unchanged

To continue QQE until stable 2% inflation maintained

Says to watch risks, adjust policy as appropriate

Japan’s economy has continued to recover moderately

The Bank of Japan kept its monetary policy steady, pledging to increase monetary base at annual pace of 80 trln yen. Today’s decision does not provide any new hint as to whether or not further easing will come into action when the bank next meet.

(Market News Provided by FXstreet)