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Post by bot on Sept 5, 2013 0:12:56 GMT -5
Japan sees economic recovery, holds policy steady LOS ANGELES (MarketWatch) -- The Bank of Japan on Thursday left its monetary policy unchanged, meeting widely held expectations that asset purchases will continue as the central bank aims for a 2% inflation target. The Bank of Japan upwardly revised its view of the economy, saying in a statement that it is "recovering moderately". The bank also said the year-on-year rate of increase in domestic consumer prices is likely to rise gradually. Japan's economy still faces "a high degree of uncertainty," including prospects for debt problems in Europe, developments in emerging and commodity-exporting economies, and the pace of recovery in the U.S., policy makers said. The U.S. dollar was little changed at 99.71 Japanese yen compared with ¥99.75 ahead of the bank's statement. daily weblog archives www.usdemocrats.com/weblogcompendium usdemocrats.proboards.comtwitter www.twitter.com/usdemocratsgeo information portal www.1t23.com
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