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BOJ keeps policy steady, revises up view on consumption

Reuters  |  TOKYO 

TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Friday and offered a more upbeat view on private consumption and overseas economies, signalling its confidence that the recovery was gaining momentum."Private consumption has increased resilience against a background of steady improvement in the employment and income situation," the BOJ said in a statement announcing the policy decision.In a widely expected move, the BOJ maintained the 0.1 percent interest it charges on a portion of the excess reserves that financial institutions park with the central bank.At the two-day ...

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First Published: Fri, June 16 2017. 08:46 IST