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BoJ in line with markets: no further easing (for now) – Danske Bank

FXStreet (Edinburgh) - Morten Helt, Senior Analyst at Danske Bank, comments today’s BoJ monetary policy decision.

Key Quotes

“As widely expected Bank of Japan (BoJ) did not announce any new easing measures in connection with today’s monetary meeting”.

“However, in contrast to our expectations, the statement from the meeting only turned marginally more dovish than the statement from the August meeting”.

“Most surprising to us, BoJ did not change the wording in its paragraph on the risks to its outlook. It still refuses to acknowledge that the impact from the consumption tax hike is a major risk for its outlook and thus no hints that BoJ has any intention on easing further soon”.

“The market’s reaction has been fairly limited: USD/JPY and Japanese equities only trade slightly lower this morning”.

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