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BOJ keeps policy steady, lowers GDP forecast

Jul. 15, 2015 2:38 AM ETEWJ, JEQ, JOF, DFJ, DXJ, JSC, JPP, EWV, SCJ, EZJ, DBJP, FJP, NKY-OLD, JPNL, DXJS, HEWJ, DXJF, DXJR, DXJC, DXJH, DXJT, JPMV, QJPN, JHDG, JDG, HGJP, JPXNBy: Yoel Minkoff, SA News Editor1 Comment
  • Following a two-day meeting, the Bank of Japan kept monetary policy unchanged and largely maintained its upbeat inflation forecasts, even as it cut its growth outlook on soft exports and household spending.
  • GDP for the year ending March 2016 is now expected to increase 1.7%, down from the 2% expansion initially forecast in April. Inflation forecasts for the year were lowered slightly - to 0.7% from 0.8%.
  • Nikkei +0.4%
  • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, HEWJ, JSC, ITF, JPP, QJPN, FJP, JPMV, DXJT, DXJR, DXJC, JHDG, DXJH, DXJF, HGJP, JDG

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