Investing.com - The Bank of Japan board decided by a unanimous vote on Wednesday to leave its policy target unchanged, as widely expected.
"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 didn't comment on other matters in the brief statement, but added the words "as a trend" in discussing the pace of economicr ecovery, saying: "Japan's economy has continued to recover moderately as a trend, albeit with some fluctuations due to the consumption tax hike."
A sales tax hike to 8% from 5% took effect on April 1.