The Bank of Japan on Thursday maintained its ultraloose monetary policy introduced in April and left unchanged its assessment of the national economy that it is "starting to recover moderately," after upgrading the view for seven consecutive months.
On Japan's consumer prices that turned higher in June for the first time in one year and two months, the central bank said the size of the year-on-year increase in the index is likely to expand gradually. The BOJ is aiming to achieve an inflation target of 2 percent in about two years.
Source: NewsonJapan
