BoJ holds policy, no surprises - Danske Bank

FXStreet (Barcelona) - Allan von Mehren, Chief Analyst at Danske Bank notes that the Bank of Japan kept its policy unchanged as expected with few surprises in the statement.

Key Quotes

“BoJ expects Japan to continue a ‘moderate recovery as a trend’ and inflation is ‘likely to be around 1.25% for some time’.”

“BoJ will make adjustments as necessary. There was no hint that BoJ was in a hurry to ease policy further. The JPY was broadly unaffected by the statement.”