The Bank of Japan today left all monetary policy levers untouched, as expected, and confirmed that it would continue to control JGB yields to help boost the ailing Japanese economy, stoke inflation and keep the Japanese Yen depressed. At the same time, the central bank said that it doesn’t see a weak Yen ‘offering a big opportunity for Japan’s economy’ although if the ‘Yen’s decline is steady it would have a positive impact on the economy’.
