BOJ Rate Decision -> Unchanged
Written December 17, 2009 at 9:21 PM EST by Alex Chernomordin
The Bank of Japan kept rates unchanged at .10% and added the following comments which evoked no reaction from the JPY as the early session moves have subsided.
- Momentum for self sustaining recovery is insufficient.
- BOJ does not tolerate a CPI rate at or below 0%.
- Sees prices stable in positive range at 2% or lower.
- Medium of stable prices at about 1%.
- Overcoming deflation is critical challenge.
- Unstable currencies may affect economy.
- Economy is picking up.
- Economy’s improvement to be moderate until mid FY2010.
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