Bank of Japan Continuing Quantitative Easing, Believes Economy is Recovering

The Bank of Japan decided to keep its monetary easing program unchanged after a two-day meeting of its Policy Board on Thursday. At the same time, the central bank upwardly revised its assessment of the economy, saying that the economy is recovering.

The nine-member Board, led by Governor Haruhiko Kuroda, unanimously voted to keep the target of the monetary base expansion at an annual pace of JPY 60-70 trillion.

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