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Bank of Japan holds off new easing measures as tax hike looms

The Bank of Japan held off launching fresh monetary easing measures Tuesday, saying the economy was picking up, despite slowing growth in the last quarter of 2013 and fears that a looming tax hike will dent the recovery. Policymakers kept in place the central bank's existing asset-purchasing scheme -- which aims to stoke growth by pumping huge amounts of money into the financial system -- after a two-day policy meeting.

Dollar rangebound in Asia ahead of BoJ announcement

The dollar moved in a tight range in Asian trade Tuesday ahead of a monetary policy announcement by the Bank of Japan (BoJ) scheduled later in the day. In Tokyo trade, the dollar fetched 103.28 yen, almost unchanged from 103.26 yen in New York Monday afternoon. The euro fell to 143.23 yen from 143.28 yen, while it also eased slightly to $1.3869 from $1.3875. Junichi Ishikawa, market analyst at IG Securities in Tokyo, said the central bank would likely stand pat on policy, despite some expectations of additional easing by foreign investors.

BOJ policymaker says 2% inflation target "flexible"

A Bank of Japan policymaker said Thursday the central bank's 2 percent inflation target is "flexible" and the BOJ could exit from the current monetary easing policy before the inflation rate reaches the level if the target is deemed to be attained stably. At the same time, the BOJ will maintain the large-scale monetary easing even after the actual inflation rate hits 2 percent, "if it judges that the inflation rate of 2 percent is not sustainable," Takehiro Sato said in a speech in Tokyo.

Bank of Japan's Sato sees flexibility on timing of QE exit

By Stanley White TOKYO (Reuters) - Bank of Japan board member Takehiro Sato said on Thursday the central bank can be flexible on the timing of an eventual exit from its monetary easing, a sign that simply reaching its 2 percent price stability goal will not trigger immediate action. Sato also said he is confident that consumer prices can continue to rise as improvements in the output gap have a lagging impact on prices.

Bank of Japan holds fire despite soft GDP, expands loan programs

By Leika Kihara and Stanley White TOKYO (Reuters) - The Bank of Japan maintained its expansionary monetary policy on Tuesday and extended special loan programs to help buoy economic growth, signaling its resolve to keep the positive mood generated by premier Shinzo Abe's reflationary policies from fading. The central bank reiterated its upbeat view on the economy, unfazed by recent signs of slowing growth and suggesting that any additional stimulus will be some time away.

Yen tumbles after BoJ tweaks lending scheme

The yen tumbled in Asia on Tuesday after the Bank of Japan (BoJ) held off expanding its asset-buying programme but said it would boost some lending schemes to stimulate borrowing. The greenback jumped to 102.66 yen from around 101.95 yen before the BoJ decision, sending Tokyo's headline Nikkei stock index soaring more than 3.0 percent. The dollar was trading at 101.81 yen in London late Monday. The euro also jumped against the Japanese currency at 140.74 yen from 139.42 yen, while it rose to $1.3709 from $1.3695 in London.

BoJ refrains from fresh easing after weak growth data

The Bank of Japan on Tuesday held off fresh monetary easing measures after weak growth data exacerbated fears about the economic impact of an April sales tax rise. Wrapping up a two-day policy meeting, the BoJ said it would keep its massive easing programme in place, while tweaking a loan scheme to banks in a bid to stimulate lending to firms and consumers. "Japan's economy has continued to recover moderately, and a front-loaded increase in demand prior to the consumption tax hike has recently been observed," the BoJ said in a statement.

Tokyo's Nikkei stock index rises 3.0% after BoJ decision

Tokyo's Nikkei stock index surged as much as 3.24 percent Tuesday afternoon, after the Bank of Japan held off fresh monetary easing measures but said it would tweak a lending scheme to banks. The headline index rose 465.76 points to 14,858.87, as the yen dropped on news that the BoJ would make changes to loans programmes. Wrapping up a two-day policy meeting, the BoJ said it would keep its massive easing programme in place, in line with expectations.

Tokyo shares surge 3.0% as BoJ refrains from fresh easing

The Bank of Japan on Tuesday held off fresh monetary easing measures but said it would tweak a loans scheme to stimulate borrowing, sending Tokyo shares surging over 3.00 percent in the afternoon. Wrapping up a two-day policy meeting, the BoJ said it would keep its massive easing programme in place, while moving to fire up lending to firms and consumers. The BoJ's decision came after weak Japanese growth data for the final quarter of 2013 exacerbated fears about the economic impact of a sales tax rise due in April.

Tokyo's Nikkei stock index rises 3.0% after BoJ decision

Tokyo's Nikkei stock index surged as much as 3.24 percent Tuesday afternoon, after the Bank of Japan held off fresh monetary easing measures but said it would tweak a lending scheme to banks. The headline index rose 465.76 points to 14,858.87, as the yen dropped on news that the BoJ would make changes to a loans programme in a bid to stimulate consumer and corporate lending. si-mis/pb/erf
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