BoJ: No changes in policy, retains easing plan

FXStreet (Bali) - There has been no change in the BoJ policy meeting, retaining the plan for 60t/70t yen annual rise in monetary policy. The BoJ's statement reaffirmed its commitment to continue easing until 2% inflation is stable, adding that they will examine risks and adjust policy as best suits the economy. With regards to the economic assessment, no changes were made to the forecast, saying economy continues to recover moderately. This month, again, there was an 8 – 1 vote against Kuichi proposal to make 2% inflation goal a mid/long term goal. On the trade balance, BoJ CUT their view on exports, saying they have recently leveled off. As per capital spending, they said it has become increasingly evident that a significant pick up has occurred.