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BoJ stayed put once again – Danske Bank

FXStreet (Edinburgh) - The BoJ acted in line with the broader market consensus, leaving its policy unchanged in today’s meeting, suggested Pernille Nielsen, Senior Analyst at Danske Bank.

Key Quotes

“This morning Bank of Japan as expected did not announce any new easing measures in connection with its monetary meeting”.

“The target for the expansion of the monetary base was left unchanged at JPY60-70trn. The statement from the meeting mentioned “some weakness” in industrial production and exports while it was noted that regarding private consumption “the effects of the decline in demand following the front-loaded increase have gradually begun to wane on the whole”.

Turkey Industrial Production (YoY) fell from previous 3.3% to 1.4% in June

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