Bank of Japan Standing Pat

Bank of Japan has once again stood pat and there was no policy changing. Short term interest rate target is holding at -0.1%. Long term interest rate target remained near 0%. Japanese government bond purchases are at the pace of around 80T yen. Member of the Policy Board Goushi Kataoka insisted on increasing JGB purchases so that the 2% target for price stability would be achieved. Overall, members seemed more optimistic about the economy, especially about the domestic one. Business fixed investment kept rising. Public investment is rather sustained.