Japan's central bank ignores IMF plea on deflation

JAPAN - The Bank of Japan ignored a call from the International Monetary Fund to act against deflation plaguing the nation's economy on Friday, keeping its ultra-loose monetary policy unchanged.

Its policy board voted unanimously to keep the status quo and see how its present polices play out amid improving economic data and rising risks of a global slowdown.

That means sticking to a so-called quantitative easing policy in which the central bank pumps huge amounts of excess funds into the banki

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