Tokyo: Bank of Japan (BOJ) promised to continue monetary easing until it achieves the 2 percent inflation goal, said a report released Thursday by the bank after its two days monetary policy meeting.
The decision which was made at new Governor Haruhiko Kuroda's first policy meeting reflected the new leader's resolve to pursue bold monetary easing, reported Xinhua.
The BOJ also decided to introduce a new framework for purchases of government bonds, buy longer-dated government bonds and boost purchases of risky financial assets.
The central bank also said that Japan's economy has stopped weakening and has shown some signs of picking up, and thus it is expected to return to a moderate recovery path.
First Published: Thursday, April 4, 2013, 13:53