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Bank of Japan keeps asset purchases around 80 trillion yen

Published 06/15/2017, 11:24 PM
Updated 06/15/2017, 11:25 PM
© Reuters.  Bank of Japan

Investing.com - The Bank of Japan held monetary policy steady and kept asset purchases around the current target of ¥80 trillion yen ($727 million), with a more upbeat view on the economy, according to a release on Friday at the end of a two-day meeting.

"Private consumption has increased resilience against a background of steady improvement in the employment and income situation," the BoJ said in a statement.

At its May meeting, the Bank of Japan raised its economic forecasts and kept policy steady, as was widely expected.Later on Friday, Bank of Japan Governor Haruhiko Kuroda will hold a press conference at 0630 GMT to discuss the deliberations of the central bank board.

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