Investing.com - The Bank of Japan made no changes to its aggressive monetary easing policy in a widely expected decision, it announced on Thursday.
The BoJ affirmed plans to increase the monetary base at an annual pace of about JPY60 trillion to JPY70 trillion.
The central bank also kept its growth projection for the fiscal year beginning April 2014 unchanged at 1.5%.
Following the decision, the yen was lower against the U.S. dollar, with USD/JPY rising 0.75% to trade at 100.79.
Meanwhile, Asian stock markets were mixed. Japan’s Nikkei 225 Index rallied 1.92%, Australia’s ASX/200 Index fell 0.4%, while Hong Kong's Hang Seng Index declined 0.5%.
The BoJ affirmed plans to increase the monetary base at an annual pace of about JPY60 trillion to JPY70 trillion.
The central bank also kept its growth projection for the fiscal year beginning April 2014 unchanged at 1.5%.
Following the decision, the yen was lower against the U.S. dollar, with USD/JPY rising 0.75% to trade at 100.79.
Meanwhile, Asian stock markets were mixed. Japan’s Nikkei 225 Index rallied 1.92%, Australia’s ASX/200 Index fell 0.4%, while Hong Kong's Hang Seng Index declined 0.5%.