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BOJ Refrains From Boosting Stimulus After Growth Picks Up

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The Bank of Japan refrained from increasing monetary stimulus and signaled a more optimistic view on the economy, as Governor Haruhiko Kuroda bets on stronger growth to fuel inflation.

The central bank will continue to boost the monetary base at an annual pace of 80 trillion yen ($662 billion), it said in a statement on Friday. All of 36 economists in a Bloomberg survey forecast the outcome.