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
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
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