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Forex pairs in this Article » USD/JPY (Barcelona) - Bank of Japan Statement on Monetary Policy came with no changes as expected by market participants, with 60-70 trillion annual increase in monetary base as planned.

BoJ said the Japanese economy is in a modest recovery, with the top priority remaining to reach 2% inflation goal through aggressive easing. BOJ board member Kiuchi proposal to set 2% inflation a medium- to long-term goal was voted down 8 – 1.

The central bank expects the CPI to gradually improve, with pace of recovery to continue to be moderate. BoJ revised up their economic assessment.
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