Breaking: Bank of Japan keeps policy steady, tweaks forward guidance, yen at fresh session lows, 129.52+

at today’s meeting, continuing to defend low rates with bond-buying but is uber dovish and pessimistic in its guidance.

Leaves unchanged its forward guidance on interest rates, says expects short- and long-term policy rates to remain at 'present or lower levels.Will ease policy without hesitation as needed with an eye on pandemic impact while striving to sustain market stability and support corporate fundingWill offer to buy 10-year JGB at 0.25% every business day via fixed-rate operations unless it is highly likely that no bids will be submitted.Board's core CPI median forecast for fiscal 2023 at +1.

The relief measures forced savings during the pandemic likely to moderate hit to the economy from worsening terms of trade.

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