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BOJ keeps record stimulus as Japan crawls out of recession

Central bank to boost monetary base by 80 trillion yen a year

Published Wed, Feb 18, 2015 · 09:50 PM
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Tokyo

THE Bank of Japan (BOJ) maintained unprecedented monetary stimulus, as governor Haruhiko Kuroda aims to stoke a recovery from recession and counter a slowdown in inflation.

The central bank will boost the monetary base at an annual pace of 80 trillion yen (S$912 billion), it said in a statement on Wednesday in Tokyo, as forecast by all 35 economists surveyed by Bloomberg News.

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