Bank of Japan lifts view of economy

TOKYO: The Bank of Japan on Tuesday lifted its view of the economy for the first time in over a year, as the sliding yen boosts exports, offering some hope for Tokyo’s stuttering growth programme.

Policymakers held fire on further stimulus and said they would maintain a plan to keep the yield on government 10-year bonds around zero, part of a broader bid to stimulate growth in the world’s number three economy.