BOJ board keeps monetary policy unchanged

JAPAN - The Bank of Japan (BOJ) kept its already super-loose policy unchanged on 15 June, resisting political pressure for even more monetary firepower to stop the economy from deteriorating further.

But economists said it was likely a matter of time before the central bank's governor, Masaru Hayami, would be forced into further action to ease the pain of reforms being planned by Prime Minister Junichiro Koizumi.

The decision, announced after a two-day meeting by the central bank's nine-member

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