Economy

BoJ: Japan's economy expanding moderately, keeps growth assessment unchanged

5 monthes ago   |   By FXCM

Reuters is out with the key takeaways from the BoJ's monetary policy statement, found here:
Japan's economy expanding moderately, keeps assessment unchanged.
Cuts assessment on consumer inflation.
Inflation expectations moving sideways.
Inflation likely to accelerate towards 2 pct as output gap improves, inflation expectations heighten.
CPI in range of 0.5 to 1 pct.
The decision on yield curve control made by 8-1 vote, board member Kataoka dissents.
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USD/JPY hits session high as BOJ cut assessment on inflation, kept rates unchanged

5 monthes ago   |   By FXCM

Bank of Japan held key policy tools unchanged as expected, but cut assessment on inflation, underscoring the rising Fed-BOJ policy divergence.
Consequently, USD/JPY jumped to session highs, could extend gains further.
The USD/JPY clocked a session high of 110.80 after the Bank of Japan cut assessment on inflation, signaling that policymakers will be in no hurry to dial back the stimulus.
At press time, the currency pair is trading at 110.73.
BOJ's decision to offer a weaker view on inflation only highlights the rising divergence between the central bank and its global peers, namely the Fed...
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