BoJ keeps size of asset purchases program at Y101 trillion

The BoJ has made public its monetary decision, and as expected it held interest rates steady at 0.10%. In the statement, no new easing measures were announces, also largely expected by the market, following a rare back to back easing in the past two meeting, and as market awaits the appointment of a new governor sometime next month.

BoJ will continues to pursue powerful easing practives in order to achieve the inflation target of 2%, which should be reached at the earliest possible time, they stated. BoJ also reminds investors about the high degree of uncertainty in the economy. With regards to the size of the APP or Asset Purchase Progra, it remains at 101 trillion yens by end of 2013.