Bank of Japan holds off new monetary easing measures
TOKYO (AFP) - The Bank of Japan on Friday held off new monetary easing measures despite fears about the impact of a sales tax hike on the country's economic recovery and a US budget crisis that could see Washington default.
After a two-day policy meeting, BoJ officials issued an upbeat statement that said the economy was still "recovering moderately" while overseas economies were "heading towards a pick-up".
But policymakers also warned of risks on the horizon.
The bank had been widely expected to hold fire as it studies how its unprecedented monetary easing plan, launched in April, was rippling through the economy.