BoJ maintains monetary policy as expected with rates kept at -0.1% and YCC maintained to target 10yr JGBs at 0% with a +/-50bps band, while it makes no change to forward guidance

Says:

• Decision on YCC made by unanimous vote.
• Will patiently continue monetary easing.
• Japan's economy is recovering moderately.
• Inflation expectations show renewed signs of accelerating.
• Must watch financial and forex market moves and impact on Japan's economic activity and prices.