BoJ: Unchanged policy – TDS

Analysts at TD Securities note that the Bank of Japan (BOJ) kept its policy rate unchanged at -0.1%.

Key Quotes

“The BOJ's decision to keep monetary policy unchanged even as it continued to acknowledge downside risks to growth and inflation was in line with our expectations. The inflation forecast was trimmed and the BOJ is adopting a wait-and-see stance ahead of the expected interest rate cut from the Federal Reserve tomorrow.”