BOJ maintains ultraeasy monetary policy, economic assessment

TOKYO, (PNA/Kyodo) — The Bank of Japan decided Friday to maintain its ultraeasy monetary policy and left unchanged its assessment of the domestic economy, saying it is “recovering moderately” amid continuing improvement in business sentiment and solid consumer spending.

The nine-member Policy Board decided unanimously to keep intact the central bank’s large-scale monetary easing policy introduced in April, centering on doubling the monetary base and boosting purchases of government bonds to achieve a 2 percent inflation target in around April 2015.

The BOJ maintained its view on the Japanese economy after upgrading the assessment in the previous policy meeting in September.