Investing.com - The Bank of Japan made no changes to its aggressive monetary easing policy on Thursday, while upgrading its view of the domestic economy.
Japan’s economy was “starting to recover moderately” and exports “have been picking up,” the BoJ said in its statement.
The central bank previously stated that the domestic economy “has been picking up” and exports “have started picking up.”
In its sixth meeting under the helm of Governor Haruhiko Kuroda, the BOJ affirmed plans to increase the monetary base at an annual pace of about JPY60 trillion to JPY70 trillion.
Following the decision, the yen was higher against the U.S. dollar, with USD/JPY shedding 1% to trade at 98.69.
Meanwhile, Asian stock markets were higher. Japan’s Nikkei 225 Index added 0.4%, Australia’s ASX/200 Index jumped 1.3%, while Hong Kong's Hang Seng Index rallied 2.4%.
Japan’s economy was “starting to recover moderately” and exports “have been picking up,” the BoJ said in its statement.
The central bank previously stated that the domestic economy “has been picking up” and exports “have started picking up.”
In its sixth meeting under the helm of Governor Haruhiko Kuroda, the BOJ affirmed plans to increase the monetary base at an annual pace of about JPY60 trillion to JPY70 trillion.
Following the decision, the yen was higher against the U.S. dollar, with USD/JPY shedding 1% to trade at 98.69.
Meanwhile, Asian stock markets were higher. Japan’s Nikkei 225 Index added 0.4%, Australia’s ASX/200 Index jumped 1.3%, while Hong Kong's Hang Seng Index rallied 2.4%.