Yen stands muted to BoJ non-event

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The Bank of Japan met earlier today for its monthly monetary policy meeting. It was decided to leave monetary policy unchanged including both interest rates as well as its QQE program steady at 80 trillion Yen. However, one member from the BoJ, Kiuchi proposed that the Central Bank cut down on its QQE or stimulus expansion by almost half, to 45 trillion Yen a year. The proposal was voted down by a...

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