Japan holds rates as GDP drop leaves analysts unfazed

The skyline of downtown Tokyo

The Bank of Japan's monthly monetary policy meeting concluded today with no change in its policy of "aggressive monetary easing" – which it reserves the right to continue "as long as the bank judges it appropriate".

The decision comes as new economic data revealed a small but unexpected contraction in Japanese GDP in the fourth quarter of 2012, although monthly indicators and surveys suggest the economy has begun to pick up in the opening weeks of 2013.

The Bank of Japan (BoJ) on January 22 doub

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