BOJ Keeps Brisk Economic View Despite TaxHike Impact

(MENAFN- Qatar News Agency) Tokyo September 04 (QNA) - The Bank of Japan kept Thursday its policy steady while saying the economy has been recovering despite some weakness caused by the April consumption tax hike. The central bank will continue its massive asset purchases from financial institutions to flood the economy with more money and raise the nation's inflation rate to 2% it said after the Policy Board ended a two-day meeting according to Japan's Kyodo News Agency. The decision by the nine-member body was unanimous. The Japanese economy "has continued to recover moderately as a trend" the BOJ said in a statement maintaining its previous assessment. (QNA)