TOKYO: The Bank of Japan (BoJ) on Tuesday painted an upbeat picture of the world’s number three economy and stood pat on its monetary easing program as it assesses the impact of a controversial sales tax rise.
Policymakers decided to hold fire on the multi-billion-dollar asset-purchase scheme introduced in April last year as part of a drive by Prime Minister Shinzo Abe to drag the country out of years of deflation and slumbering growth.
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