BOJ: Policy on hold, no stimulus announced – BBH

FXStreet (Delhi) – Research Team at BBH, note that the Bank of Japan left its monetary policy unchanged in today’s meet and no further stimulus was announced but the door was kept open for future easing should the economy warrants.

Key Quotes

“Governor Kuroda stuck to his upbeat outlook, saying the bank sees a gradual recovery in the economy but added that the BOJ would do more if needed.”

“The BOJ warned of risks to exports and production in Japan due to the slowdown in EM. The next BOJ meeting is October 30, and a growing number of market participants (but still a minority) see additional easing measures then.”

“The yen has firmed today, with dollar/yen moving back below 120 to trade at its lowest level since September 8.”

Research Team at BBH, note that the Bank of Japan left its monetary policy unchanged in today’s meet and no further stimulus was announced but the door was kept open for future easing should the economy warrants.

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