I am the one who knocks

bbpj

Bank Of Japan Keeps Its Options Open

in central banks/Equities/FX by

Ok, well the BoJ has spoken. Here’s the bullet points via Bloomberg:

BANK OF JAPAN TAKES ADDITIONAL ACTION
BOJ MAINTAINS POLICY BALANCE RATE AT -0.100%
BOJ TO EXPAND MONETARY BASE UNTIL INFLATION STABLE ABOVE 2%
BOJ TO ENHANCE FOWARD GUIDANCE
BOJ TO INTRODUCE QQE WITH YIELD CURVE CONTROL
BOJ SCRAPS AVG MATURITY TARGET OF JGB HOLDINGS
BOJ TO IMPLEMENT INFLATION OVERSHOOTING COMMITMENT
BOJ: WILL CONSIDER EXPANDING MONETARY BASE IF NEEDED
BOJ: CAN CUT NEG. RATE FURTHER IF NEEDED
BOJ: CAN EXPAND ASSET PURCHASES AS OPTION
BOJ: MONETARY BASE MAY FLUCTUATE TO ACHIEVE YIELD-CURVE CONTROL

Seems dovish. But hell, who knows.

Here’s the knee-jerk reaction from markets:

bbpj

So far, so good we suppose. Let’s see who fades it.

nikkeifuts

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