BoJ keeps economic outlook despite recession

TOKYO: The Bank of Japan (BoJ) on Wednesday held on to its upbeat view that Japan’s economy was recovering, despite GDP data that showed the country had unexpectedly slipped into recession, forcing a snap election.

Wrapping up a two-day policy meeting, the central bank kept policy unchanged—after expanding its already huge stimulus package last month—as investors eye BoJ governor Haruhiko Kuroda’s press briefing later in the day.