Tuesday, January 22, 2013

0 Clarification: Shirakawa, Aso, Amari to meet at 2.40pm Tokyo time & speak to reporters after

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By Eamonn Sheridan  || January 22, 2013 at 04:14 GMT || 15 comments || Add comment

Be interesting to hear what they have to say.

From the BOJ statement, summary:

  • The BOJ has adopted the 2% inflation target, its to be a medium-term target
  • Open-ended asset purchase commitment from January 2014
  • Will buy certain amount of assets every month without setting deadline
  • There were dissenters on the board re the inflation target, the decision on open-ended asset purchases was unanimous
  • Overnight call rtate target unchanged at 0.1%
  • Japanese government pledged to stick with fiscal discipline

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