Bank of Japan to Continue Massive Stimulus Program
Still expecting a moderate recovery
The Bank of Japan on Thursday decided to keep its massive stimulus program unchanged while also retaining its outlook of a moderate economic recovery.
At the end of a two-day meeting of the nine-member Policy Board, led by Governor Haruhiko Kuroda, the central bank said it will keep the target for the monetary base expansion at an annual pace of JPY 60-70 trillion.
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