The Bank of Japan tweaks policy

Kuroda Bank of JapanReuters/Toru Hanai

  • The Bank of Japan made several small tweaks to policy settings at its July meeting.
  • However, none were major, keeping market moves relatively contained.
  • It downgraded its inflation forecasts, again.

The Bank of Japan (BoJ) made a raft of small tweaks to monetary policy settings at the conclusion of its July meeting, introducing a forward guidance on policy rates, more flexibility in bond purchases and tweaks to its stock ETF purchases.

However, none have led to a substantial move in Japanese stocks, bonds or the Japanese yen, indicating markets don’t believe they will make any substantial difference when it comes to the BoJ achieving its inflation target.

See the rest of the story at Business Insider

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