Latent recovery fails to move Bank of Japan

JAPAN - The Bank of Japan announced a decision to leave monetary policy unchanged after a two-day Policy Board meeting which ended on Tuesday.

The central bank said it would leave its reserve targets at Yen 10,000bn to Yen 15,000bn and keep monthly buying of Japanese government bonds at Yen 1,000bn.

The nine-member board decided unanimously to maintain its ultra-loose monetary policy, which has driven interest rates to near zero and provided massive liquidity to banks in the past year to buoy t

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