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21 May 2014
BoJ keeps monetary policy steady
FXStreet (Bali) - BOJ kept the monetary policy steady in unanimous vote, as widely expected by market participants.
The central bank maintained its commitment to increase monetary base at annual pace of ¥60-70 trillion. With regards to the economy, BoJ said it continues to recovery modestly, with the economic assessment unchanged.
As per the capital expenditures, it was revised upwards, noting moderate increases in capex. As in previous meetings, there were 8 votes vs 1 against Kiuchi proposal to make 2% inflation medium-to-long term goal. In terms of inflation, BOJ sees core CPI around 1.25% for some time.
The central bank maintained its commitment to increase monetary base at annual pace of ¥60-70 trillion. With regards to the economy, BoJ said it continues to recovery modestly, with the economic assessment unchanged.
As per the capital expenditures, it was revised upwards, noting moderate increases in capex. As in previous meetings, there were 8 votes vs 1 against Kiuchi proposal to make 2% inflation medium-to-long term goal. In terms of inflation, BOJ sees core CPI around 1.25% for some time.