7 Oct 2014
Bank of Japan keeps monetary policy steady
FXStreet (Bali) - The Bank of Japan kept its monetary policy steady by unanimous vote, as widely expected by market participants, pledging to increase monetary base at annual pace of 60-70 trln yen.
Key headlines (via Reuters)
Japan's economy continues to recover moderately as a trend but some weakness seen in production due to sales tax hike
Boj revises down assessment of industrial output
Boj says industrial output has been showing weakness recently due in part to inventory adjustments
Boj: board member shirai disagreed with description of inflation expectations
Boj: board member shirai proposed saying growing number of indicators shows inflation expectations have been flat recently
Boj board member kiuchi proposed making 2 pct inflation target a medium- to long-term goal, which was turned down by 8-1 vote
Business sentiment has generally stayed at a favorable level but improvement has paused due to sales tax hike
Key headlines (via Reuters)
Japan's economy continues to recover moderately as a trend but some weakness seen in production due to sales tax hike
Boj revises down assessment of industrial output
Boj says industrial output has been showing weakness recently due in part to inventory adjustments
Boj: board member shirai disagreed with description of inflation expectations
Boj: board member shirai proposed saying growing number of indicators shows inflation expectations have been flat recently
Boj board member kiuchi proposed making 2 pct inflation target a medium- to long-term goal, which was turned down by 8-1 vote
Business sentiment has generally stayed at a favorable level but improvement has paused due to sales tax hike