Flash: No change to monetary policy, as widely expected - Nomura

FXstreet.com (Barcelona) - Nomura economists note that the Bank of Japan held its Policy Board meeting on last night and decided to keepmonetary policy on hold, as widely expected.

They note that while some observers had expected talk about some kind of additional measures, reflecting consistently high volatility on the bond markets, ongoing rises in interest rates, and BOJ REIT holdings starting to approach their ceiling, there was no particular mention of this in the BOJ statement. They write, “New in this month’s statement was that the BOJ intends to continue with purchases of commercial paper and corporate bonds until its holdings reach ¥2.2trn and ¥3.2trn respectively, and then maintain those amounts outstanding.”