BOJ: Maintains policy balance rate at -0.100%, maintains monetary base target at 80t Yen.
BOJ: Votes 8-1 for unchanged monetary base target. Board votes 7-2 to keep negative rate unchanged. Sato, Kiuchi dissented on vote on negative rate.
Japan's economy continues to recover moderately, production continues to be more or less flat after quake.
BOJ: Cites risks to delay in changing deflationary mindset, needs to be mindful to risks to price trend.
BOJ: Expects price trend to steadily rise, global financial markets unstable.
BOJ: Will continue easing until stable 2% inflation achieved, inflationary expectations have recently weakened.
BOJ: Says it will add stimulus if needed, CPI may be slightly negative or about 0% for time being.
Oil slumps to 4-week lows in risk-off trade
Oil prices added to overnight losses in European trade on Thursday, sliding to a four-week low as global concerns over a potential Brexit weighed on appetite for riskier assets.
Crude oil for July delivery on the New York Mercantile Exchange fell to a session low of $47.22 a barrel, a level not seen since May 19. It last traded at $47.38 by 07:57GMT, or 3:57AM ET, down 63 cents, or 1.31%.
A day earlier, New York-traded oil prices dropped 48 cents, or 0.99%, after data showed that oil supplies in the U.S. fell much less than expected last week.
The U.S. Energy Information Administration said in its weekly report that crude oil inventories declined by 933,000 barrels last week to 531.5 million. Market analysts' expected a crude-stock decline of 2.3 million barrels.
Elsewhere, on the ICE Futures Exchange in London, Brent oil for August delivery declined 69 cents, or 1.41%, to trade at $48.28 a barrel after falling to an intraday low of $48.14, the weakest level since May 24.
Brent futures prices are nearly 8% below last week’s 2016 high of $52.86 amid easing concerns over global supply disruptions.
Reference: Investing,DailyFX,
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