BOJ Refrains From Easing With Signs Japan Weathering Tax Rise
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Japan’s central bank refrained from boosting stimulus and raised its view of business investment as the economy shows signs of weathering the impact of the first sales-tax increase since 1997.
The Bank of Japan will continue to expand the monetary base at a pace of 60 trillion yen to 70 trillion yen ($691 billion) per year, it said in a statement today in Tokyo, in line with forecasts of all 32 economists in a Bloomberg News survey.