BOJ holds monetary policy steady

The Bank of Japan said its nine-member policy board, chaired by Governor Toshihiko Fukui, decided unanimously to leave its monetary policy unchanged at the end of a half-day scheduled meeting on Thursday 26 February .

The BOJ's decision came as the economy showed signs of a distinct pick up, with retail sales turning positive and corporate chiefs becoming more positive on the outlook.

"Led by exports and capital spending, the recovery momentum is becoming stronger," Fukui told a news conference

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