BoJ keeps economic outlook despite Japan sinking into recession

19 Nov, 2014

TOKYO: The Bank of Japan on Wednesday kept its view that Japan's economy was recovering, despite GDP data that showed the country had slipped into recession.

Wrapping up a two-day policy meeting, the central bank kept its policy unchanged -- after expanding the already huge stimulus package last month -- as investors eye a press briefing later Wednesday by BoJ governor Haruhiko Kuroda.

Markets want to see what Kuroda will say about the government's decision to delay a sales tax rise next year, after a levy hike in April slammed the brakes on growth.

Copyright AFP (Agence France-Presse), 2014

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