BOJ holds policy steady, economy on moderate recovery path

FXStreet (Bali) - The Bank of Japan has published its monetary policy decision, which has come with no changes, as widely expected by market participants.

Key headlines

BOJ keeps monetary policy steady, pledges to increase monetary base at annual pace of 80 trln yen

BOJ policy decision was made by 8-1 vote

Japan's economy continues to recover moderately as a trend

Japan's economy likely to continue recovering moderately as a trend

Consumer inflation likely to hover around zero pct for time being due to energy price falls

BOJ says consumer inflation hovering around zero pct excluding effect of sales tax hike

BOJ board member kiuchi proposed changing monetary policy to expand monetary base at annual pace of 45 trln yen

BOJ kiuchi proposed making 2 pct inflation target a medium to long-term goal and agreeing to keep asset purchases and zero interest rates as long as appropriate

BOJ kiuchi's proposal was rejected by majority vote