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BoJ retains plan for 80T yen annual rise in monetary base

FXStreet (Bali) - In today's Bank of Japan (BOJ) monetary policy board meeting, the Central Bank announced it retains plan for 80T yen annual rise in monetary base.

Additional headlines

BOJ’s policy decision was made by 8-1 vote

Board member Kiuchi voted against decision to keep monetary policy steady

Kiuchi opposed decision because he felt previous monetary policy steps were appropriate

Kiuchi proposed making 2 pct inflation target a medium- to long-term goal, which was turned down by 8-1 vote

Japan’s economy making some weak movements mainly on output but continues to recover moderately as a trend

BOJ raises assessment on exports

Japan CPI likely to hover around current positive levels for time being
Output remains somewhat weak

Capex in gradual uptrend as corporate profits improve

Impact of sales tax hike on consumption subsiding as a whole

Housing investment appears to be bottoming out

China MNI Business Sentiment Indicator up to 55.2 in October from previous 51.7

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