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13 Jun 2014
BoJ announces no change in policy
FXStreet (Bali) - Bank of Japan released its monetary policy statement, with no change in policy, as expected by the market.
Main headlines, via Reuters, included, "BOJ keeps monetary policy steady by unanimous vote, pledges to increase monetary base at annual pace of 60-70 trln yen, the board turns down by 8-1 vote proposal by Kiuchi to make 2%t inflation target a medium- to long-term goal, says economy continues to recover moderately as a trend, keeps assessment unchanged, revises up assessment on overseas economies, says overseas economies are recovering although lackluster performance still seen in some areas, says industrial output continues to rise moderately as a trend."
Main headlines, via Reuters, included, "BOJ keeps monetary policy steady by unanimous vote, pledges to increase monetary base at annual pace of 60-70 trln yen, the board turns down by 8-1 vote proposal by Kiuchi to make 2%t inflation target a medium- to long-term goal, says economy continues to recover moderately as a trend, keeps assessment unchanged, revises up assessment on overseas economies, says overseas economies are recovering although lackluster performance still seen in some areas, says industrial output continues to rise moderately as a trend."