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20 Dec 2013
BoJ keeps policy steady, retains easing operations
FXstreet.com (Bali) - The Bank of Japan (BOJ) kept its monetary policy unchanged, retaining the 60 – 70tln yen annual rise in monetary base.
There was an 8 – 1 vote to reject a proposal by board member Kuichi to make 2% inflation target a medium to long-term goal.
Looking at the economic assessment, no new insights were provided, with the Central Bank saying "Japan economy to continue moderate recovery as a trend, while being affected by the sales tax hike."
There were also some comments with reference to business sentiment, which continues broadly on the rise, while annual pace of CPI increments is foreseen to accelerate for the time being.
There was an 8 – 1 vote to reject a proposal by board member Kuichi to make 2% inflation target a medium to long-term goal.
Looking at the economic assessment, no new insights were provided, with the Central Bank saying "Japan economy to continue moderate recovery as a trend, while being affected by the sales tax hike."
There were also some comments with reference to business sentiment, which continues broadly on the rise, while annual pace of CPI increments is foreseen to accelerate for the time being.