Bank of Japan monetary policy statement
- BOJ EASES MONETARY POLICY FURTHER
- BOJ: TO INCREASE ETF BUYING SO BALANCE OF ITS HOLDINGS RISES AT ANNUAL PACE OF 6 TRLN YEN VS PREVIOUS 3.3 TRLN YEN
- BOJ SAYS NO CHANGE TO BASE MONEY TARGET
- BOJ SAYS NEGATIVE RATES KEPT UNCHANGED AT -0.1 PCT
- BOJ SAYS NO CHANGE TO AMOUNT OF JGB BUYING
- BOJ SAYS NO CHANGE TO AMOUNT OF PURCHASES OF J-REITS, CP, CORPORATE BONDS
Please excuse the capitals - hot off the Reuters press!
OK ... so the only expansion of easing is via an increase in ETF purchases.
I would suggest that will be viewed as a disappointment
More:
- BOJ says to increase size of lending programme that provides dollar funding to Japanese financial institutions
- Says will conduct comprehensive assessment of effects of QQE with negative rate policy at next rate review
- BOJ says Kuroda as chairman of board instructed staff to prepare deliberations on assessment at BOJ's next meeting
USD/JPY getting hit lower now:
More;
- BOJ quarterly report: Japan to see cpi reach 2 pct during fiscal 2017
- There is strong uncertainty on timing for hitting 2 pct target mainly due to overseas risks
- Japan economy likely to expand moderately as a trend
- Inflation outlook for fiscal 2017 and 2018 are roughly unchanged from initial estimates
And, more:
- Japan core CPI expected +0.1 pct in fy2016/17 vs +0.5 pct projected in April
- Japan core CPI expected +1.7 pct in fy2017/18 vs +1.7 pct projected in April
- Japan core CPI expected +1.9 pct in fy2018/19 vs +1.9 pct in April
- Japan real GDP expected +1.0 pct in fy2016/17 vs +1.2 pct projected in April
- Japan real GDP expected +1.3 pct in fy2017/18 vs +0.1 pct projected in April
- Japan real GDP expected +0.9 pct in fy2018/19 vs +1.0 pct projected in April