The Bank of Japan is expected to maintain its massive monetary stimulus on Thursday as its board debates whether growing bright signs from prices and the job market justify offering a rosier view on the economy.
Many central bankers are confident an economic recovery is on track, encouraged by data such as the first rise in core consumer prices in more than a year, the first increase in summer bonuses in three years and a fall in the jobless rate to a 4-1/2 year low.
The BOJ is thus widely expected to maintain its policy launched in April of nearly doubling the monetary base to 270 trillion yen ($2.8 trillion) by the end of 2014 as it seeks to end nearly two decades of deflation.
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