And the announcement that they were trying to anticipate is:
http://zerohedge.com/news/2016-07-28/bank-japan-shuns-government-market-pressure-leaves-qe-rates-unchanged-questions-poliBank Of Japan Shocks Market, Shuns Government Pressure: Leaves QE, Rates Unchanged, Questions Policy EffectivenessTyler Durden
Jul 28, 2016
Expectations were extremely high heading into tonight's BoJ decision, and market liquidity disappeared with massive violent swings in FX, rates, and equity markets before Kuroda unleashed his disappointing statement:
*BANK OF JAPAN TAKES ADDITIONAL ACTION
*BOJ EXPANDS PURCHASES OF ETFS TO 6T YEN
*BOJ DOUBLES USD LENDING PROGRAM TO $24B
But...
*BOJ MAINTAINS POLICY BALANCE RATE AT MINUS 0.100%
*BOJ BOARD VOTES 7-2 TO KEEP NEG RATE UNCHANGED
*BOJ MAINTAINS MONETARY BASE TARGET AT 80T YEN
Finally, details are emerging of the stimulus package, NHK reporting:
~7.5t yen of fiscal spending
~6t for fiscal investment and loan financing program
15,000 yen handouts for low-income people
10.7t yen for infrastructure spending such as maglev line, ports
10.9t in SME support to weather Brexit
And most fascinatingly...
*KURODA ORDERS ASSESSMENT OF POLICY EFFECTIVENESS NEXT MEETING
Raising doubts about the whole house of cards.
So to summarize, Kuroda left rates unchanged, left QE unchanged, implicitly raised doubts about the effectiveness of the world's monetray policy machinations.. and increased the stock market ETF buying to make sure that the illusion of normality is maintained.