BOJ stands pat, offers rosier view on economy

The Bank of Japan kept monetary policy steady on Thursday and offered a more optimistic view of the economy on growing signs that the positive effects of a weak yen and the government’s reflationary policies are widening.

In a quarterly review of its long-term growth estimates, the central bank made no major changes to its forecast that core consumer inflation will accelerate in the coming years to near 2 per cent in the business year to March 2016.

via Business feed http://www.scmp.com/business/economy/article/1280168/boj-stands-pat-offers-rosier-view-economy