BOJ keeps economic assessment unchanged, boosts its view on overseas economy


The Japanese central bank kept the economic assessment unchanged, while raised assessment on private consumption.

Summary:

Keeps economic assessment unchanged, says it has been turning toward a moderate expansion

Raises assessment on private consumption – Private consumption increasing resilience on steady improvement in job, income conditions

Boosts its view on overseas economy – Overseas economies continue to grow at moderate pace as a whole

Kiuchi and Sato dissented from the decision on YCC

Inflation expectations still remain in a weakening phase


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