Bank of Japan holds fire, defies easing calls as political pressure heats up


TOKYO: The Bank of Japan kept monetary policy steady on Tuesday, standing its ground for now in the face of calls from the country's likely next prime minister to pursue "unlimited" easing to revive an economy widely seen in recession.

The leader of the main opposition, Shinzo Abe, has put the central bank at the centre of economic debate ahead of a December 16 national election that surveys show his party would win, signalling his government would put the bank under much greater pressure to ease policy.

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