Bank of Japan September 2017 meeting
- BOJ leaves unchanged pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 trln yen
- BOJ keeps monetary policy steady
- Maintains short-term interest rate target at -0.1 pct
- Maintains 10-year jgb yield target around zero pct
More:
- BOJ says Japan's economy expanding moderately, keeps assessment unchanged
- Raises assessment on public investment ... says Public investment has been increasing
- Board member Kataoka said chance of inflation hitting 2 pct next year and onwards was low
- CPI moving around 0.5 pct
- BOJ's decision on yield curve control made by 8-1 vote
- Kataoka opposed decision on yield curve control - saying yield curve control not enough to meet inflation target around fiscal 2019
- BOJ decision on asset buying made by unanimous vote
Headlines via Reuters
So, one dissenter and he wants MOAR action, YCC is not enough. It's a battle at the BOJ Board to more dovish than the next guy!
USD/JPY doing pretty much nothing. It surged overnight on the FOMC and now does zilcho on the BOJ.
Here is the full text: Statement on Monetary Policy
Kataoka the dissenter. As mad as hell and not gonna take it anymore.
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Bank of Japan Governor Kuroda will follow up with a news conference at 0630GMT
