Asia on economic road to recovery

Asia on economic road to recovery

And more good economic news: The Bank of Japan maintained rates on Wednesday, while central bank officials painted a slightly more optimistic view of the economy. The officials dropped a reference to the country being in deflation and seemed to suggest they will not have to undertake such intense stimulative measures, the idea being Japan is on track to meet the bank’s 2 per cent price target. The officials also said they expected the economy to recover from a temporary slowdown caused by last month’s sales tax hike.

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