Bank of Japan holds fire on stimulus as economy picks up

The Bank of Japan held fire on more stimulus on June 19, 2015 as it pointed to a pick-up in the economy, despite flat-lining inflation that has defied a two-year-old monetary easing programmeThe Bank of Japan on Friday held fire on more stimulus as it pointed to a pick-up in the economy, despite flat-lining inflation that has defied a two-year-old monetary easing programme. Traders are now waiting for a regular news briefing from BoJ chief Haruhiko Kuroda, whose comments last week about the weakness of the yen sparked a short-lived surge in the currency. “Japan’s economy has continued to recover moderately,” the BoJ said Friday following its two-day meeting.

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