11.03.201408:37:14UTC+00Bank of Japan Stays Firm

There are few unexpected things in the BOJ's finalization today— no alterations to policy, nor any movements to the broad economic evaluation. Japan's economy stayed in its moderate recovery. “Exports have recently leveled off more or less.”

And the part about business’s fixed investment was changed to “the pick-up has become increasingly evident” from last month’s “has been picking up.”

In the other hand, there might have been some assumptions for a surprise, as the dollar moved lower versus the yen after the decision was issued. The U.S. dollar is currently purchasing ¥103.29 compared to ¥103.40 as the “news” emerge.

Many research houses think the central bank won’t make unnecessary decisions into fresh easing right after the consumption-tax hike, set for next month.

Société Générale, on the other hand, is calling for Bank of Japan move “within the next few months.”

“The case for further easing has just been strengthened by a disappointing Q4 GDP report,” they wrote Tuesday, in reference to the downwardly revised yearly development rate of 0.7%.