Japan to keep aggressive monetary easing

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Tokyo (dpa) – The Bank of Japan said Tuesday it would maintain its aggressive monetary easing steps to stimulate the world’s third-largest economy.

“Japan’s economy has continued to recover moderately, although exports and production are affected by the slowdown in emerging economies,” the central bank said in a statement released after a two-day policy meeting.

In July, Japan’s industrial production fell a seasonally adjusted 0.8 per cent from the previous month, for the first fall in two months, the government said.

The bank’s policy board voted on Tuesday to maintain its key policy of boosting the monetary base at an annual pace of about 80 trillion yen (667 billion dollars) through asset purchases, according to the statement.

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