BoJ stands pat on easing


  • Business
  • Thursday, 23 Jan 2014

TOKYO: The Bank of Japan (BoJ) held off announcing any fresh measures to stimulate the economy, saying its monetary easing blitz was winning the war on deflation.

The unanimous decision was widely expected, with analysts predicting the BoJ would launch an expansion of its asset-buying plan later this year to counter the effects of an April sales tax hike.

The BoJ kept its forecast for the long-sluggish economy to expand about 2.7% in the year to March, saying it “continued to recover moderately“, while it also stuck with its 2% inflation target. — AFP

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