BOJ keeps economic assessment unchanged

Following the BOJ’s unchanged monetary policy stance, the release of the central bank’s monetary policy statement highlights (via Reuters):

BOJ says Japan’s economy expanding moderately, keeps assessment unchanged

BOJ raises assessment on public investment

Board member Kataoka said chance of inflation hitting 2 pct next year and onwards was low

CPI moving around 0.5 pct

Public investment has been increasing

BOJ's decision on yield curve control made by 8-1 vote

Kataoka opposed decision on yield curve control - saying yield curve control not enough to meet inflation target around fiscal 2019

BOJ decision on asset buying made by unanimous vote

USD/JPY remains bid as BOJ maintains the status quo

USD/JPY remains bid around 112.45 after the Bank of Japan maintained the short-term interest rate target at -0.1 percent and retained the 10-year yiel
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