The announcement from the Bank of Japan after their two-day August monetary policy meeting
Quick Headlines via Reuters :
- BOJ keeps monetary policy steady, pledges to increase monetary base at annual pace of 80 trln yen
- Policy decision was made by 8-1 vote
- Board member Kiuchi votes against policy decision
- Kiuchi proposed tapering annual jgb purchases to 45 trln yen, which was turned down by majority vote
- Kiuchi proposed keeping asset buying, zero rates for as long as needed under flexible price target, which was turned down by 8-1 vote
BOJ says Japan's economy continues to recover moderately, keeps assessment unchanged
Consumer inflation likely to hover around zero pct for time being due to energy price falls
Yen ... barely moving
Full text of the BOJ announcement is here
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Next up from the BOJ Bank of Japan - Governor Kuroda will give his regular 0630GMT press conference
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We'll get the Minutes from today's meeting on Friday September 18
The next BOJ meeting is scheduled for September 14 and 15
