Posted by: youngragingbull | May 22, 2013

Bank of Japan leaves policies unchanged

The Bank of Japan decided to leave its economic policies unchanged at the end of its two-day meeting Wednesday, while saying that the overall economy was improving.

“Japan’s economy has started picking up. Exports have stopped decreasing as overseas economies have been moving out of the deceleration phase that had continued since last year and are gradually heading toward a pick-up,” the central bank said in its statement.

It also said that although the core consumer price index remained stuck in deflation, “some indicators suggest a rise in inflation expectations.”

The decision to hold asset-buying levels steady marked the second straight meeting of no new action after the central bank unveiled aggressive new easing measures on April 4.

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