The Bank of Japan made the move to maintain monetary policy overnight, citing an economy that is experiencing a “moderate” recovery with fundamentals gradually improving. Although not unanimous in the decision with one member of the Policy Board dissenting against the increased purchases of real estate investment trusts (REITs) and exchange-traded funds (EFTs), no policy changes are expected in the near future. BoJ Governor Haruhiko in comments this morning did reiterate that inflation is projected to return to the 2% target in the 1st half of fiscal 2016 as the decision to preserve easing measures continues to help the economy meet those goals. In a boost to monetary policies, investment and capital expenditures are rising, increasing the efficacy of the Central Bank’s efforts. However, there are questions about the pace of exports which have slowed as Kuroda tries to jawbone the Yen higher.