BoJ: risks to global growth keeps rate on hold
Downside risks to global growth have increased due to continuing disruptions in global financial markets and sluggish growth in the United States, according to minutes of the Bank of Japan's Monetary Policy Council meeting in April.
The committee also stated that Japan's economy was likely to grow at a slower pace due to high energy and materials prices.
The meeting was Masaaki Shirakawa's first since his appointment as governor on 8 April.
To read the minutes, click here.
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