Japan economy 'recovering moderately', BoJ holds off more stimulus

GMT 03:24 2013 Thursday ,05 September

Arab Today, arab today Japan economy \'recovering moderately\', BoJ holds off more stimulus

Arab Today

The Bank of Japan on Thursday issued an upbeat assessment of the world's third-largest economy, saying it was "recovering moderately, and held off expanding its huge stimulus programme. The central bank's board voted unanimously to stand pat after wrapping up a two-day policy meeting, as investors keep a close eye on the US Federal Reserve, with many expecting it to soon start winding down its own monetary easing programme.

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