BOJ Leaves Rates Unchanged as Forecast
Written March 18, 2009 at 1:27 AM EST by Danish FX
BOJ LEAVES RATES UNCHANGED AT 0.10% (AS EXPECTED); Decision Unanimous
- Will raise monthly JGB puchases to ¥1.8T from ¥1.4T
- Keeps economy assessment unchanged; Says economy is likely to continue deteriorating in the near term; overseas economies continue to worsen
- Financial conditions remain severe despite improvement
- Recovery is still expected late in 2009, but uncertainty over outlook remains high
- Must monitor downward inflation expectation risks
- Plans to buy ¥7.44T of JGBs maturing within a year
- Keeps economy assessment unchanged; Says economy is likely to continue deteriorating in the near term; overseas economies continue to worsen
- Financial conditions remain severe despite improvement
- Recovery is still expected late in 2009, but uncertainty over outlook remains high
- Must monitor downward inflation expectation risks
- Plans to buy ¥7.44T of JGBs maturing within a year
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