The Bank of Japan met analyst expectations on Thursday as it kept its level of monthly purchases steady and its assessment of the economy unchanged at the conclusion of a two-day meeting.
Members voted unanimously to maintain its policy of boosting monetary policy by 60 trillion ($615 billion) 70 trillion yen per year.
“Japan’s economy is starting to recover moderately,” the BOJ said in a statement, maintaining its assessment of the economy, which it revised upwards last month.
However, the bank was more positive on inflation expectations, and said they were rising.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.