Bank of Japan keeps policy unchanged, but notes weakness in production by Milan Cutkovic

  • Bank of Japan keeps monetary policy steady by unanimous vote, as expected
  • BoJ: Japan’s economy continues to recover moderately as trend, but weakness seen in production due to sales tax hike
  • BoJ: Industrial output has been showing weakness recently due in part to inventory adjustments
  • BoJ: Board member Kiuchi proposed making 2 % inflation target a medium- to long-term goal, which was turned down
  • BoJ: Kuroda press conference will begin at 0630 GMT

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