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Bank of Japan keeps interest rate unchanged at 0.1 pct
 
 
  
 
 AFP - 2 hours 24 minutes ago
 
 
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 Bank of Japan keeps interest rate unchanged at 0.1 pct
 
 
 
 
 Slideshow: Full Photo Coverage: Business & Economy
 
 
 
 
TOKYO (AFP) - – Japan's central bank on Wednesday kept its key lending rate unchanged at 0.1 percent and maintained its outlook that the pace of recovery in the world's number two economy will remain tepid.
 
While Japan's economy is picking up thanks to recovery in overseas markets and stimulus measures, "there is not yet sufficient momentum to support a self-sustaining recovery in domestic private demand," it said in a statement.
 
The bank said that the pace of economic recovery "is likely to be moderate for the time being," and maintained an earlier view on the need to tackle deflation, which is a drag on growth.
 
 
 
 
   
 
 
 
 
 
 
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