BoJ: No fireworks offered – Danske Bank

This morning, the Bank of Japan (BoJ) kept monetary policy unchanged with an 8-1 vote and interestingly, it removed the reference to hitting the 2% inflation target in the fiscal year 2019 (FY 2019), notes the research team at Danske Bank.

Key Quotes

“This is a slightly dovish twist that should help put an end to exit speculations for some time. The JPY was little changed prior to the press conference (starting 8:30 CET).”