Bank of Japan policy statement recap
The main headlines re the Bank of Japan statement and assessment can be found here:
- The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and output, reinforcing expectations the bank will maintain its massive stimulus even as major counterparts eye a withdrawal of crisis-mode support.
- The BOJ maintained its assessment on the economy, saying it was “picking up as a trend, although it remained in a severe state due to the impact of the pandemic.”
The yen lost a little ground through the course of the session, mainly on Evergrande developments prior to the BOJ statement.
