Bank of Japan holds fire, eyeing US economy, Brexit risk

TOKYO: Japan’s central bank gave an upbeat assessment of the world’s number three economy on Thursday, but it flagged risks including “developments” in the US and Chinese economies, as well as Britain’s exit from the European Union.

The Bank of Japan held fire on fresh policy measures in a widely expected decision after a meeting, a day after the Federal Reserve tightened borrowing costs and underscored its confidence in the world’s top economy.