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BOJ leaves policy unchanged as expected

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - BOJ left policy unchanged, committing to an anual rise in its monetary base of 80 trillion yen.

    Headlines

    Bank of Japan keeps monetary policy steady, pledges to increase monetary base at annual pace of 80 trln yen

    Keeps assessment of Japan's economy unchanged

    Says business sentiment has stayed at favourable level, but cautious developments have been observed in some areas

    Policy decision was made by 8-1 vote

    BOJ board member kiuchi proposed tapering annual jgb purchases to 45 trln yen, which was turned down by majority vote

    Kiuchi proposed keeping asset buying, zero rates for as long as needed under flexible price target, which was turned down by 8-1 vote
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