BoJ to maintain policy, rosy outlook despite soft GDP


TOKYO: The Bank of Japan is expected to maintain its ultra-loose monetary policy on Thursday and debate how weak exports and swinging expectations on when the US Federal Reserve will cut its stimulus may affect Japan's economic recovery.

Despite the slowdown in third-quarter growth, many board members expect the world's third-largest economy to keep recovering moderately as Japanese consumers boost spending in the run-up to April's increase in the national sales tax.

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