BoJ: Little clues on further easing by month-end

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    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
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