Breaking news : Bank of Japan (BoJ) meeting results disappoint - TopicsExpress

Breaking news : Bank of Japan (BoJ) meeting results disappoint markets Market across the globe slumped after BoJ opted to impose less easing monetary policy. Markets expected BoJ to reveal another round of easing policy rather than to increase base money (cash /deposits) at the BOJ, from 60 trillion to 70 trillion yen ($600-700 billion) in annual basis. This policy means higher reserved requirement to maintain low overnight target rate, without increasing asset buying program (QE) On the U.S economic front, wholesale inventories ROSE 0.2 % in April, which match expectations. Significant U.S economic data will be release Thursday

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