Research Team at TDS, notes that the BoJ kept policy unchanged after its two day meeting, keeping the benchmark rate at –0.1% and expanding the monetary base by ¥80t. Key Quotes “This was predicted by 35 of 40 economists. There was a change made to ETF purchases, to be lifted by 10%, but in the scheme of things, not significant. While the Bank appears notes more positive on domestic issues, it highlighted exports and production as sluggish, as the pace of growth has ‘somewhat decelerated mainly in emerging economies’. That said looking ahead the Bank is optimistic looking ahead, stating’...Japan’s economy is likely to be on a moderate expanding trend’.” For more information, read our latest forex news.