Bank of Japan leaves policy unchanged, as expected ...Middle East

From today's statement:

Japan's economy recovering moderately, though some weakness persists.Consumer spending increasing at a moderate pace.Inflation expectations rising gradually.Vigilance needed on the impact of financial and FX market movements on the economy.Underlying inflation expected to align with the BoJ’s price target in the latter half of the three-year outlook period.

More:

Exports and industrial output showing little momentum.Japan's economy expected to continue growing above potential.High uncertainty remains over economic and price outlook.Key risks include global trade policies and their impact on overseas economies and inflation.

USD/JPY is a little lower on the BoJ statement:

This article was written by Eamonn Sheridan at www.forexlive.com.

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