- As expected, the Bank of Japan has left its policy unchanged and maintained its target of expanding the monetary base by ¥60-¥70T ($720B) a year.
- The BOJ again said the economy is "recovering moderately," noting that corporate capex has been rising as profits have improved.
- However, the BOJ is concerned by risks from overseas, including Europe's debt problems, emerging markets and the pace of the recovery in the U.S.
- The decision came just days after Japanese Prime Minister Shinzo Abe announced that the government would go through with a planned rise in sales tax to 8% from 5%, which has caused uncertainty about the impact on the economy.
- Nikkei -0.9%, USD-JPY -0.1% to ¥97.12.
- ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS
BOJ leaves massive stimulus unchanged
Oct 4 2013, 03:05 ET