William Saito, Special Adviser from the Cabinet Office of Japan on the BoJ's latest meeting
The Bank of Japan has surprised markets and analysts by deciding against any new market stimulus. It is maintaining it's negative interest rate policy and continuing with it's big asset purchase scheme. The Tokyo stock market fell sharply and the Yen jumped on the surprise inaction. For his analysis, Ed Mitchell was joined on the line by William Saito, Special Adviser, Cabinet Office of Japan.