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BOJ holds policy steady, upgrades view on consumption, global growth

Reuters  |  TOKYO 

By Leika Kihara and Stanley WhiteTOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Friday and upgraded its assessment of private consumption and overseas growth, signalling its confidence that an export-driven economic recovery was broadening and gaining momentum.But Governor Haruhiko Kuroda reassured markets the BOJ will still lag well behind the Federal Reserve in dialling back its massive stimulus programme, with inflation far from reaching the BOJ's 2 percent target, say sources familiar with its thinking."There's some distance to achieving 2 percent inflation, so it's ...

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First Published: Fri, June 16 2017. 12:28 IST