Bank of Japan keeps monetary policy steady as widely expected
maintains short term interest rates target at -0.1%
maintains 10 year JGB yield target around 0%
median core CPI forecast for 2018/19 at 0.9% versus 1.1% in July
median real GDP forecast for fiscal 2018/19 at 1.4% versus 1.5% in July
Japan's economy expected to continue expanding moderately
no sign so far of excessively bullish expectations in asset markets, financial institutions activities
risks to economic outlooks skewed to downside
inflation likely to gradually accelerate toward 2%
The USDJPY is little changed after the decision and headlnes.
The Nikkei 225 is up 332.71 points or 1.55% at 21790. The high today reached 21815.37. The price is not so far from that level (25 points) The low today is at 21530.39.
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