Bank of Japan Keeps Monetary Policy Unchanged

The video discusses a unanimous decision to maintain the yield target at 0 and the policy rate at -0.1%. The yen weakens as a result, while inflation expectations remain stable. The statement notes that core CPI is expected to slow by mid-2023, and there is a need to focus on FX market developments, which initially react dovishly.

What do the inflation expectations indicate about recent changes?

What is the initial reaction in the FX market described as?