BOJ: Some data show weak developments in inflation expectations

FXStreet (Bali) - BOJ left policy unchanged, committing to an annual rise in its monetary base of 80 trillion yen, with the decision made by 8-1 votes, after board member Kiuchi dissented as usual.

Headlines

Japan's economy has continued to recover moderately

To watch risks, adjust policy as appropriate

CPI likely to be about 0% for time being

Inflation expectations rising from longer-term view

Some data show weak developments in inflation expectations

BOJ to continue qqe until stable 2% inflation maintained

Easing is exerting intended effects

USD/JPY breaches Wednesday's low on BOJ, drops to 123.20

The Japanese yen retains gains against its American counterpart following the release of the Bank of Japan (BOJ) monetary policy decision, with the policy kept steady for yet another month now.
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