BOJ keeps record stimulus as Japan crawls out of recession
Central bank to boost monetary base by 80 trillion yen a year
Thu, Feb 19, 2015 - 5:50 AM
HEADING NORTH: The strength in the Japanese stock market and among large exporters belies challenges the BOJ faces in keeping the economy on track for recovery after a sales-tax increase in April precipitated a recession last year.
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...