BoJ leaves policy unchanged as expected

FXStreet (Bali) - BOJ left its policy unchanged as widely expected by the market, with some commentators having recently argued for a case in favour of further easing in October.

Key headlines

Keeps monetary policy steady, pledges to increase monetary base at annual pace of 80 trln yen

Policy decision was made by 8-1 vote

BOJ cuts assessment of overseas economies

Cuts assessment of exports

Cuts assessment on output

Says Japan economy continues to recover moderately but exports, output affected by slowdown in emerging economies

Says overseas economies continue to grow at moderate pace, mainly for advanced economies, despite slowdown in emerging economies

Says exports, output have recently been more or less flat

BOJ Board member kiuchi votes against policy decision

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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