Investing.com - The Bank of Japan unanimously voted to keep the current monetary base target at the conclusion of a two-day board meeting on Wednesday.
"The Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about ¥60 to ¥70 trillion," the BoJ said.
The BoJ also maintained its outlook, repeating, "Japan's economy is expected to continue a moderate recovery as a trend, while it will be affected by the subsequent decline in demand following the front-loaded increase prior to the consumption tax hike."
Following a higher-than-expected capital investment in the January-March GDP data released last week, the BoJ revised up its view on capex, saying, "Business fixed investment has increased moderately as corporate profits have improved."