Bank of Japan Holds Rates As Expected

Written June 16, 2009 at 12:27 AM EST by  

BOJ LEAVES RATES UNCHANGED AT 0.10% (AS EXPECTED), decision was unanimous; Raises economic assessment for 2nd consecutive month

- Keeps govt bond purchase levels at ¥1.8T
- Economy expected to recover in second half of the year to Mar 2010, has stopped worsening, showing clearer evidence of leveling out
- Sees exports, output turning higher
- Financial conditions remain tight but sees signs of improvement
- Downside risks for economy remain, with outlook subject to developments on final demand

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