BOJ Opts for Limited Stimulus Expansion, Plans Policy Review

  • Board expands ETFs; no change to bond purchases, negative rate
  • Kuroda calls for comprehensive assessment of the BOJ’s policy

BOJ Expands Purchases of ETFs to 6T Yen

The Bank of Japan kept its key monetary tools unchanged, and will mount a comprehensive review of its policy framework due to "considerable uncertainty" about the outlook for inflation, which has consistently underperformed the central bank’s forecasts. The yen jumped.

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