The Bank of Japan monetary policy meeting has concluded, here's the statement

  • Leaves unchanged its pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 trln yen
  • Maintains short-term interest rate target at -0.1 pct
  • Maintains 10-year jgb yield target around zero pct
  • Keeps economic assessment unchanged, says it has been turning toward a moderate expansion
  • Raises assessment on private consumption - Private consumption increasing resilience on steady improvement in job, income conditions
  • Boosts its view on overseas economy -Overseas economies continue to grow at moderate pace as a whole
  • Kiuchi and Sato dissented from the decision on YCC
  • Inflation expectations still remain in a weakeneing ophase

The full text is here: Statement on Monetary Policy [PDF 144KB]

Yen is basically where t was pre-announcement but has fallen on the session:


And, don't forget, Bank of Japan Governor Kuroda will be having his news conference at 0630GMT

You're questions, ask them of me!