19 Nov 2014
BoJ retains plan for 80T yen annual rise in monetary base
FXStreet (Bali) - In today's Bank of Japan (BOJ) monetary policy board meeting, the Central Bank announced it retains plan for 80T yen annual rise in monetary base.
Additional headlines
BOJ’s policy decision was made by 8-1 vote
Board member Kiuchi voted against decision to keep monetary policy steady
Kiuchi opposed decision because he felt previous monetary policy steps were appropriate
Kiuchi proposed making 2 pct inflation target a medium- to long-term goal, which was turned down by 8-1 vote
Japan’s economy making some weak movements mainly on output but continues to recover moderately as a trend
BOJ raises assessment on exports
Japan CPI likely to hover around current positive levels for time being
Output remains somewhat weak
Capex in gradual uptrend as corporate profits improve
Impact of sales tax hike on consumption subsiding as a whole
Housing investment appears to be bottoming out
Additional headlines
BOJ’s policy decision was made by 8-1 vote
Board member Kiuchi voted against decision to keep monetary policy steady
Kiuchi opposed decision because he felt previous monetary policy steps were appropriate
Kiuchi proposed making 2 pct inflation target a medium- to long-term goal, which was turned down by 8-1 vote
Japan’s economy making some weak movements mainly on output but continues to recover moderately as a trend
BOJ raises assessment on exports
Japan CPI likely to hover around current positive levels for time being
Output remains somewhat weak
Capex in gradual uptrend as corporate profits improve
Impact of sales tax hike on consumption subsiding as a whole
Housing investment appears to be bottoming out