Financial institution of Japan financial coverage deciison comes out per consensus expectation, no change.

  • coverage charge left at -0.1%
  • JGB goal (10yr) stays round 0%

Additionally anticipated, the Financial institution has revised up its financial evaluation:

  • revises increased its outlook for exports and output
  • says the economic system is in a extreme state however seems to be choosing up
  • capex is falling , company income and sentiment is worsening
  • consumption regularly choosing up 
  • CPI is more likely to hover in adverse territory in the intervening time

Extra:

  • should watch whether or not the monetary system is functioning easily, stability is maintained

USD/JPY is barely responding, which isn’t a lot of a shock given the principally zero expectation of any change in coverage and coming in as anticipated.  

Background to that is right here:

Keep tuned for Governor Kuroda’s press convention at 0630GMT