Japan monetary easing unchanged
- Published: 8 Aug 2013 at 12.45
- Online news:
TOKYO - The Bank of Japan (BoJ) on Thursday left its vast monetary easing programme unchanged, as it issued an upbeat assessment of Tokyo's efforts to counter growth-sapping deflation.
In a widely expected move, the central bank said its board voted unanimously to stand pat after wrapping up a two-day policy meeting, as investors keep a close eye on the US Federal Reserve amid growing speculation it would soon start tapering its huge stimulus programme.
The BoJ, which unveiled its own gigantic bond-buying scheme in April, said the outlook for the world's third-biggest economy was looking brighter, while early signs of rising prices were good news for its efforts to hit a two-percent inflation target in as many years.
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