BoJ retains annual easing plan, pro-growth loan scheme extended

FXStreet (Bali) - BOJ has announced no changes to its monetary policy, an outcome widely expected by the market. The central bank retains the plan for 60 – 70 tln yen annual rise in monetary base, while extending the pro-growth loan scheme to 7 trillion yens from 3.5 trillion in order to encourage lending beyond March 2014 deadline. The decision comes after a soft Q4 preliminary GDP in the country yesterday, failing way below expectations.