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Bank of Japan holds base target steady

Published 10/06/2015, 11:02 PM
Updated 10/06/2015, 11:09 PM
BoJ holds base target steady, says economy recovering

Investing.com - The Bank of Japan board voted to keep its current monetary base target steady in an 8 to 1 vote on Wednesday, saying the economy continues in recovery mode.

The BoJ's asset purchase target is ¥80 trillion annually with board member Takahide Kiuchi dissenting again on the amount after suggesting earlier this year a level around ¥45 trillion.

There has been speculation the BoJ may be considering further easing, though the board has contended thta underlying inflation is rising and a slump in factory output is not serious enough to derail the path to a modest economic recovery and 2% inflation.

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