MW: Bank of Japan upbeat on economy, keeps rate steady
TOKYO (MarketWatch) -- The Bank of Japan offered an upbeat outlook on the nation's overall economy Friday, saying that financial conditions continue to show signs of improvement, exports and production continue to increase, and the decline in corporate-capital outlays appears to be ending. But although economic downside risks have diminished somewhat, the bank said a self-sustaining domestic-demand recovery was still not assured, and that it will maintain its accommodative policies and provide steady support to help the economy recover. It unanimously left its overnight call-rate target at 0.1%, as widely expected.
