Alvin Liew, Senior Economist at UOB Group, assessed the latest BoJ monetary policy meeting. Key Quotes “In its scheduled Monetary Policy Meeting (MPM) on Thursday (17 Sep), the Bank of Japan (BOJ) as widely expected, kept all of its existing monetary policy easing measures unchanged.” “The BOJ will also maintain the existing fund-provisioning measures to support financing mainly of small and medium-sized firms/enterprises (SME)…” “The BOJ did have a better outlook of the economy as it noted the economy ‘started to pick up with economic activity resuming gradually, although it has remained in a severe situation due to the impact of the novel coronavirus (COVID-19) at home and abroad’.” “We have not changed our view and we still expect the BOJ to do more and enhance its monetary easing stance further in 2H20, most likely through increasing its JGB purchases and expanding its lending facilities to Japanese corporates and SMEs while the ETF and corporate bond buying program may be enhanced (at a later date). However, we no longer expect the BOJ to cut policy rate further into the negative territory.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY slumps below 104.40, closes in on multi-month lows FX Street 2 years Alvin Liew, Senior Economist at UOB Group, assessed the latest BoJ monetary policy meeting. Key Quotes “In its scheduled Monetary Policy Meeting (MPM) on Thursday (17 Sep), the Bank of Japan (BOJ) as widely expected, kept all of its existing monetary policy easing measures unchanged.” “The BOJ will also maintain the existing fund-provisioning measures to support financing mainly of small and medium-sized firms/enterprises (SME)...” “The BOJ did have a better outlook of the economy as it noted the economy ‘started to pick up with economic activity resuming gradually, although it has remained in a severe situation due to the impact… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.