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Bank of Japan keeps ultra-loose policy unchanged

  • As expected, the Bank of Japan has left its key interest rate at 0.1%, and maintained its program of expanding the monetary base at an annual rate of ¥60-70T ($611-713B) a year.
  • "Japan's economy is recovering moderately," the BOJ reiterated, with governor Haruhiko Kuroda saying that it is moving in line with forecasts.
  • "Inflation expectations appear to be rising on the whole," the bank said. Still, Kuroda declared that he won't hesitate to change policy if necessary.
  • The bank noted that exports "have generally been picking up," reflecting a moderate rebound overseas. Kuroda doesn't "see a big risk of emerging economies worsening sharply."
  • The Nikkei is +1.9%, while the yen has fallen against the dollar, with the USD-JPY +0.8% to ¥100.80. (PR)
  • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JGBL, JSC, JPP, ITF, DXJS, JGBT, JPNL, JPNS, FJP
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