8 Aug 2013
Flash: BoJ keeps policy on hold - Danske Bank
FXstreet.com (Barcelona) - Danske Bank analysts note that the BoJ kept its policy unchanged following its two-day monetary policy meeting, which ended this morning.
Key Quotes
“This was fully in line with market expectations and the market reaction was very limited.
“Governor Haruhiko Kuroda speaks at the press conference at 08:30 CET. He is likely to be asked about the outlook for the Japanese economy and whether he believes that the BoJ has taken sufficient measures to achieve its 2% inflation target.
“It will also be interesting to hear how Kuroda responds to comments from Prime Minister Shinzo Abe’s advisor on monetary policy who yesterday said that BoJ should be prepared to add easing if the economy weakens after a possible sales tax hike in April.”
Key Quotes
“This was fully in line with market expectations and the market reaction was very limited.
“Governor Haruhiko Kuroda speaks at the press conference at 08:30 CET. He is likely to be asked about the outlook for the Japanese economy and whether he believes that the BoJ has taken sufficient measures to achieve its 2% inflation target.
“It will also be interesting to hear how Kuroda responds to comments from Prime Minister Shinzo Abe’s advisor on monetary policy who yesterday said that BoJ should be prepared to add easing if the economy weakens after a possible sales tax hike in April.”