The Bank of Japan on Thursday kept its monetary policy unchanged and repeated its view that the economy is in recovery-mode.
Aggressive monetary stimulus from the BOJ, unveiled in April, has helped push the yen lower and boost economic growth in the world's third biggest economy. Data on Wednesday, for instance, showed that Japanese exports grew a stronger-than-expected 18.6 percent in October from a year before.The central bank maintained the policy frame-work it set up in April, when it said it would increase Japan's base money, the cash and deposits at the central bank, at an annual pace of 60 trillion yen ($597 billion) to 70 trillion yen, to boost inflation.
Source: NewsOnJapan
Source: NewsOnJapan
