The Bank of Japan met analyst expectations on Thursday as it kept its level of monthly purchases steady and its assessment of the economy unchanged at the conclusion of a two-day meeting.
Members voted unanimously to maintain its policy of boosting monetary policy by 60 trillion ($615 billion) 70 trillion yen per year.
“Japan’s economy is starting to recover moderately,” the BOJ said in a statement, maintaining its assessment of the economy, which it revised upwards last month.
However, the bank was more positive on inflation expectations, and said they were rising.
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