Bank of Japan holds fire on fresh stimulus despite weak GDP figures
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TOKYO (AFP) - The Bank of Japan on Wednesday held off launching fresh stimulus, even as weak growth figures earlier this week aggravate concerns about the strength of a recovery in the world's number three economy.
Bank policymakers said Japan was seeing a "moderate recovery trend", after wrapping up a two-day meeting, but they further cut back on their inflation expectations, in a sign that the BoJ's price targets look increasingly out of reach.
