- Rate left unchanged at 0.10% (survey 0.10%, prior 0.10%).
- Announces no new monetary steps.
- Cuts assessment of economy.
- Keeps overnight call rate target unchanged at 0.1% by unanimous vote.
- Says Japan’s economic activity is leveling off.
- Says Overseas economies have moved somewhat into a deceleration phase.
- Says exports, output have been relatively weak.
- Domestic demand has been resilient, mainly supported by reconstruction related demand.
- Says global economic uncertainty remains high.
Well so much for that powerful easing.
USD/JPY slightly lower at 78.33/35.