8 Apr 2014
BoJ keeps monetary policy steady
FXStreet (Bali) - The Bank of Japan kept monetary policy unchanged by unanimous vote, pledging to increase the monetary base at an annual pace of 60-70 trln yen.
According to Reuters, "BoJ board turns down by 8-1 vote a proposal by kiuchi to make 2 pct inflation target a medium- to long-term goal". Meanwhile, board member Shirai suggested including jobs, income situation in the view of risks.
With regards to the outlook, the central bank decided not to change the view, saying economy likely to continue moderate recovery.
As per business sentiment, the BoJ said "it has continued to improve but some cautiousness about the outlook is observed", adding that "industrial output has been on moderate increasing trend."
According to Reuters, "BoJ board turns down by 8-1 vote a proposal by kiuchi to make 2 pct inflation target a medium- to long-term goal". Meanwhile, board member Shirai suggested including jobs, income situation in the view of risks.
With regards to the outlook, the central bank decided not to change the view, saying economy likely to continue moderate recovery.
As per business sentiment, the BoJ said "it has continued to improve but some cautiousness about the outlook is observed", adding that "industrial output has been on moderate increasing trend."