BOJ expected to hold policy unchanged

The Bank of Japan is expected to keep policy unchanged on Friday 9 March following the release of its tankan survey which showed Japan's economic recovery broadening.

The BOJ's "tankan" survey of business sentiment last Thursday showed corporate Japan more confident than at any time in about seven years, with the index for large manufacturers at plus 12, up from a previous plus 7.

The survey's indices for small non-manufacturers also improved, suggesting the export-led recovery of the past year

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