Bank of Japan praised for post-disaster actions


At the latest Bank of Japan monetary policy meeting on April 6 and 7, government representatives expressed their appreciation for the central bank's "swift and appropriate actions after the earthquake, such as increasing the amount of the asset purchase programme and providing ample funds to the market."

The meeting concluded that Japan's economy "is likely to remain under strong downward pressure, mainly on the production side, for the time being, but is expected to return to a moderate

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