BOJ announcement: No policy change via ForexLive

The BOJ at the conclusion of their meeting.

Keeps monetary policy steady, pledges to increase monetary base at annual pace of 80 trln yen
Decision was made by 8-1 vote
Kiuchi votes against keeping policy steady, saying that policy before the October 31 easing was appropriate … also proposed making 2 pct inflation target a medium- to long-term goal, which was turned down by 8-1 vote
The BOJ raises its economic assessment
Raises assessment on output
Raises assessment on exports
Says the Japanese economy continues to recover moderately as a trend with effect of sales tax hike waning as a whole
Says that exports are showing signs of pickup, output seems to be bottoming out
Business sentiment generally favourable although some cautiousness has been observed
Capex has been on a moderate rising trend as corporate profits improve
Private consumption remains resilient as a trend with effect of sales tax hike waning as a whole

Headlines via Reuters

Added:

BOJ says the core CPI is likely to be around the current level for the time being

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Well, you can't say these guys and gals at the BOJ aren't optimistic … raising their economic assessments. I hope they are right for Japan's sake.

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