The Bank of Japan (BOJ) on Wednesday kept its massive monetary stimulus intact, as widely expected, reiterating that the world's number three economy is recovering moderately.
The central bank pledged to boost its monetary base by 80 trillion yen a year, a quantitative easing program that's been in place since April 2013, in a bid to rid of deflation for good.
Dollar-yen fell on the news, trading at 119.99 from 120.14, while the Nikkei 225 index held steady at a 0.4 percent gain.
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