BoJ kept rates unchanged, policy on hold - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, notes that the BoJ left rates on hold as the market expected.

Key Quotes

“There was little change in the statement from last month, other than the Bank stating that inflation expectations had shown ‘relatively weak developments’ lately. What was surprising was the BoJ ignoring the negative Q3 GDP print that was released earlier this week (that is two consecutive quarters of negative growth now).”