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*** The BoJ stood pat on MonPol as expected,....>

BOJ
BOJ: *** The BoJ stood pat on MonPol as expected, leaving its inflation
expectations largely unchanged, while its growth expectations were nudged
higher.
- The BoJ removed the wording based on achieving its 2% CPI goal around FY19.
- The BoJ noted that the momentum towards achieving its 2% price target was
intact, but not sufficiently firm.
- The new deputy Governor Wakatabe didn't make any policy proposals.
- Kataoka was the sole dissenter (yet again), with the vote sitting at 8-1.
Kataoka wants the BoJ to clarify that it will ease further if domestic factors
delay the achievement of its price target.
- USDJPY last trades at 109.19, largely unchanged from pre-decision levels.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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