BOJ disappoints after failing to offer new policies

FXstreet.com (Barcelona) - The Bank of Japan monetary policy meeting offered no particular response to the latest episodes of market volatility in JGB, which includes the failure to change maturities of fixed rate operations in order to ease bond market volatility.

There had been some rumours that there will be proposal a proposal to extend the loans to 2 years, something that was not accepted, leading to a strong selling in both the Nikkei and USD/JPY.

Additionally, the central bank kept the plan for 60 to 70T yen annual rise in monetary base, with no new update on the ETF, JREIT purchases. On the economy, Kuroda&Cia stated it is recovering, while some indicators suggest rise in inflation expectations.

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