LOS ANGELES (MarketWatch) — The Bank of Japan kept its asset-purchase levels and overall monetary policy unchanged, a widely expected move that did little to move currencies. The central bank’s statement also retained previous language on the economic outlook, saying the nation’s economy “has been recovering moderately,” while “inflation expectations appear to be rising on the whole.” While analysts hadn’t predicted any fresh moves from the Bank of Japan, a recent Wall Street Journal survey showed all 10 economists polled predicted further easing sometime in 2014. Many cited the scheduled hike to Japan’s national sales tax, due in April. The dollar held steady against the yen , remaining at ¥104.34 near its five-year high, hit earlier this week. Japanese stocks were closed for the midday break, with the Nikkei Stock Average having closed morning trade with a 0.5% loss.
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Bank of Japan holds steady, may act next year is a post from: The Forex Trading System Blog
