Investing.com - The Bank of Japan made no changes to its aggressive monetary easing policy and left its assessment of the economy unchanged, it announced on Thursday.
In its seventh 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.
Japan’s economy was “starting to recover moderately”, the BoJ said in its statement, maintaining language from the previous month.
The central bank noted that consumer prices have begun to head higher, saying that "inflation expectations appear to be rising on the whole."
Following the decision, the yen was higher against the U.S. dollar, with USD/JPY shedding 0.2% to trade at 96.15.
Meanwhile, Asian stock markets were mixed. Japan’s Nikkei 225 Index tumbled 1.6%, Australia’s ASX/200 Index jumped 1.1%, while Hong Kong's Hang Seng Index added 0.4%.
In its seventh 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.
Japan’s economy was “starting to recover moderately”, the BoJ said in its statement, maintaining language from the previous month.
The central bank noted that consumer prices have begun to head higher, saying that "inflation expectations appear to be rising on the whole."
Following the decision, the yen was higher against the U.S. dollar, with USD/JPY shedding 0.2% to trade at 96.15.
Meanwhile, Asian stock markets were mixed. Japan’s Nikkei 225 Index tumbled 1.6%, Australia’s ASX/200 Index jumped 1.1%, while Hong Kong's Hang Seng Index added 0.4%.