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BOJ Keeps Stimulus Steady

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.

CNBC [1]

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