Tuesday, September 2, 2014   

Bank of Japan holds off on monetary easing
(04-08 11:35)

The Bank of Japan stood pat on its monetary easing program as it assesses the impact of a controversial sales tax increase introduced at the start of the month.
Policymakers, who were wrapping up a two-day meeting, have stood their ground since last April.
“Japan's economy has continued to recover moderately as a trend, albeit with some fluctuations due to the consumption tax hike,'' the BoJ said in a statement.
“Private consumption and housing investment have remained resilient as a trend with improvement in the employment and income situation,'' it added.--AFP

   
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