Wednesday, October 7, 2015

BOJ leaves policy unchanged as expected

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


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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