Economic Buzz: Bank Of Japan Keeps Monetary Policy Unchanged

The Bank of Japan on Tuesday decided to keep the target for the expansion of the monetary base unchanged at JPY 60-70 trillion annually. The central bank said that it will continue to purchase Japanese government bonds so that their amount outstanding will increase by about JPY 50 trillion annually. Japan's economy has been picking up, the bank said. Exports have started to pick up with overseas economies gradually heading towards overall improvement, it added. Source by Commodity Insights