• Kyodo


The Bank of Japan said Thursday it will keep its radical quantitative easing policy in place and leave its previous description of the economic recovery intact despite slowing growth in exports.

The central bank’s nine-member Policy Board wrapped up its two-day meeting with a unanimous decision to continue the unorthodox monetary easing policy it launched in April. The goal is to double the nation’s monetary base and aggressively ramp up purchases of government bonds to artificially stoke 2 percent inflation in two years and put an end to chronic deflation.

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