While only 5 of 40 economists expected a rate cut and only 7 of 39 any additional easing, hopes were rife for some additional ETF buying or hints at further stock purchasing by The Bank of Japan… but no. USDJPY immediatley plunged to a 104 handle and Nikkei 225 crashed 300 points.
As Bloomberg reports, for a two-day meeting, this was the BOJ’s earliest announcement since June 2014. Some more headlines crossing terminal: