The BOJ holds off on more easing despite fears that the economy is contracting and in the face...

|By:, SA News Editor

The BOJ holds off on more easing despite fears that the economy is contracting and in the face of increased political pressure, with Seiji Maehara becoming the first Economy Minister in nine years to attend the bank's policy meeting. As expected, the BOJ left its asset-purchase fund at ¥55T ($700B), as well as its benchmark interest rate at 0%-0.1% and monthly bond purchases at ¥1.8T.