BOJ Maintains Stimulus in 8-1 Vote

The Bank of Japan on Friday kept its massive monetary stimulus program intact, as widely expected, and revised up its assessment of the economy.

In an 8-1 vote, the central bank pledged to increase base money at an annual pace of 80 trillion yen ($660 billion) through purchases of government bonds and risky assets.

In a statement, the BOJ maintained that the world’s third-largest economy has continued to recover moderately. Governor Haruhiko Kuroda will hold a news conference at 3:30pm local time to explain the policy decision.


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.