Bank of Japan holds policy as economy ‘starts to recover'
The Bank of Japan (BoJ) monetary policy board today unanimously decided to keep its quantitative and qualitative easing programme in place, while lowering its forecast for real GDP growth slightly for the next two years.
The central bank nevertheless raised its assessment of the economic outlook, saying the economy is "starting to recover" – the first time it's used such positive language in two-and-a-half years.
The BoJ repeated its prediction that it will achieve its price stability target of
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