BoJ keeps policy steady

FXStreet (Bali) - The Bank of Japan has concluded its two day monetary policy meeting, with the Central Bank keeping monetary policy steady, pledging to increase monetary base at annual pace of 80 trln yen.

Key headlines

Policy decision was made by 8-1 vote

BOJ board member kiuchi votes against keeping policy steady, says policy before October 31 easing was appropriate

Kiuchi proposed making 2 pct inflation target a medium- to long-term goal, which was turned down by 8-1 vote

Economy continues to recover moderately as a trend

Economy likely to continue recovering moderately as a trend

Core cpi moving in a range of 0-0.5 pct

Core consumer inflation likely to move around zero pct for time being

BOJ Governor Kuroda to hold post-meeting press conference at 0630GMT.