Marketmind: Bank of Japan also holds policy and stays dovish
The odds the Bank of Japan would tweak its super-loose policy settings or guidance were long to begin with, and sure enough the BOJ stuck to script with a no-change decision on Friday. The yen fell in response, even as Finance Minister Shunichi Suzuki spoke of the urgency to contain its fall. Focus now shifts to what BOJ Governor Kazuo Ueda says in his news briefing, given that the uncertainty over when this laggard in a global monetary cycle will move - torn between opposing domestic and global forces - is gnawing at Japanese markets and global investors.
Source: yahoo.com
