Bank of Japan maintains monetary policy as is

|By:, SA News Editor

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