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23.01.2018, 07:34

Bank of Japan: will adjust policy as needed to sustain momentum to hit price goal with eye on economy, price and financial developments

  • Keeps monetary policy steady, rate decision stays flat at -0.1 % (fcast -0.1 %) vs prev -0.1 %

  • Will maintain qqe with yield curve control for as long as needed to stably hit 2 pct inflation

  • Risks to economy roughly balanced

  • Board member Kataoka says BoJ should buy jgbs so yields of bonds with maturities of 10 years or longer fall broadly

  • Inflation likely to continue increasing towards 2 pct

  • Momentum for hitting 2 pct inflation is maintained but lacks strength

  • Cpi accelerating but moves remain weak

  • Inflation expectations and job market pose both upside, downside risks

  • Japan's economy expected to expand moderately

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