Bank of Japan maintains monetary policy as is


As expected, the Bank of Japan has left its key interest rate at 0.1% and maintained its program of expanding the monetary base by ¥60-70T a year.

The BOJ upgraded its assessment of industrial output and investment but cut its analysis for exports.

In a related development, Japanese machine tool orders, a leading indicator of capex, climbed 26% on year in February, although that was down from +40.3% in January.

The bank's latest policy decision comes ahead of a rise in sales tax next month that is expected to drag on the economy.

The Nikkei is +0.7%, while the USD-JPY is flat at ¥103.31. (BOJ Statement)

ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JGBL, JSC, JPP, ITF, DXJS, JGBT, JPNL, JPNS, FJP

From other sites
Comments (1)
  • keentolearn
    , contributor
    Comments (137) | Send Message
     
    Not everything is going fine in Japan.
    11 Mar 2014, 05:41 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs