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BOJ keeps economic assessment unchanged

Following the BOJ’s unchanged monetary policy stance, the release of the central bank’s monetary policy statement highlights (via Reuters):

BOJ says Japan’s economy expanding moderately, keeps assessment unchanged

BOJ raises assessment on public investment

Board member Kataoka said chance of inflation hitting 2 pct next year and onwards was low

CPI moving around 0.5 pct

Public investment has been increasing

BOJ's decision on yield curve control made by 8-1 vote

Kataoka opposed decision on yield curve control - saying yield curve control not enough to meet inflation target around fiscal 2019

BOJ decision on asset buying made by unanimous vote

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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