BOJ leaves policy unadjusted, cuts exports and output assessment

On Friday, the Bank of Japan (BOJ) concluded its 2-day March monetary policy review meeting and left the monetary policy settings unchanged, holding rates at -10bps while maintaining 10yr JGB yield target at 0.00%.

The BOJ vote was 8 to 1, leaving its pledge to buy JGBs unchanged so that its holdings increase at an annual pace of around 80 trln yen.