Bank of Japan's new chief didn't offer a 'tidbit' that moved markets, analyst says
Bank stocks remained unchanged after Japan's new central bank governor, Kazuo Ueda, gave his first press conference. According to Michael Makdad of Morningstar, there was no new information in the conference.
Morningstar's Michael Makdad says that bank stocks didn't move following Kazuo Ueda’s press conference, as there wasn’t any new information. Makdad claims that Ueda's remarks were consistent with previous statements by the Bank of Japan and that there was no evidence to suggest that the bank would alter its monetary policy. Makdad says that although there was speculation that the bank might announce another round of quantitative ease, it did not. The bank's monetary policies are likely to remain the same.