News Summary: Japan bank keeps easing steady

Japan central bank keeps extreme easing policy steady, upgrades view of economy

Associated Press

OPTIMISTIC VIEW: Japan's central bank ended a two-day policy meeting on Tuesday with an upbeat assessment for the world's No. 3 economy and a pledge to persist with its aggressive monetary easing policies aimed at ending years of deflation.

NO BIG CHANGE: The Bank of Japan refrained, however, from taking further action to curb unusual volatility in the market for Japanese government bonds that has raised concern over the potential impact of Prime Minister Shinzo Abe's economic strategies on the country's rising public debt.

THE BACKGROUND: The stronger assessment followed a revision of data to show growth recovered to 4.1 percent in January-March, raising hopes that Prime Minister Shinzo Abe's heavy-spending recovery strategy may be helping end a two-decade slump.

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