Bank of Japan lifts growth outlook
The Bank of Japan on Tuesday slightly upgraded its growth forecast for the world’s third-biggest economy but kept its super easy monetary policy unchanged.
The central bank said after a two-day policy gathering that it now expects a 0.9-percent expansion in the year to March 2021, an upgrade from a previous projection of 0.7 percent.
The brighter assessment came after a stimulus package launched by Prime Minister Shinzo Abe last year to prop up the economy and dampen the effects of an October hike in consumption tax from eight to 10 percent.
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