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BOJ maintains status quo on stimulus programme

This is despite growing pressure on policymakers amid sluggish growth, stagnant prices

The IMF estimated in its semi-annual World Economic Outlook that Japanese growth this year would hit 0.6 per cent, followed by a one per cent expansion in 2016.


THE Bank of Japan held its fire on Wednesday on expanding its already huge stimulus programme, despite mounting pressure on policymakers from sluggish growth and stagnant prices.

The decision follows disappointing data that raised questions about the effectiveness of Prime