BOJ upbeat about economy but cautious on monetary policy
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Tokyo
THE Bank of Japan (BOJ) on Friday reported modestly rising optimism over the state of the Japanese economy, and said it would stay the course on the currently super-easy monetary stance, aimed at cementing a continued recovery.
The central bank upgraded its assessment of domestic private consumption and of export growth, indicating confidence that the export-driven economic recovery - now five quarters long - is broadening and gaining momentum.
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