The Bank of Japan decided Wednesday to maintain its easy monetary policy and raised its assessment of exports and production amid growing concern lower oil prices could complicate its efforts to beat prolonged deflation.
The BOJ said in a statement that the central bank's Policy Board voted to keep its key policy of increasing base money at an annual pace of about 80 trillion yen through massive asset purchases. according to Japan's (Kyodo) News Agency.
With improvement observed in some economic activities, the BOJ kept its assessment of the overall economy, saying, "Japan's economy has continued its moderate recovery trend."