Bank of Japan policy statement recap - bleaker view

Author: Eamonn Sheridan | Category: Central Banks

The main headlines re the Bank of Japan statement and assessment can be found here:

  • The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and output, reinforcing expectations the bank will maintain its massive stimulus even as major counterparts eye a withdrawal of crisis-mode support.
  • The BOJ maintained its assessment on the economy, saying it was "picking up as a trend, although it remained in a severe state due to the impact of the pandemic."
The yen lost a little ground through the course of the session, mainly on Evergrande developments prior to the BOJ statement. 
The main headlines re the Bank of Japan statement and assessment can be found here:



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