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Tuesday, March 11, 2014

As expected, the Bank of Japan has left its key interest rate.

Interest rate at 0.1% and maintained its program of expanding the monetary base by ¥60-70T a year. The BOJ upgraded its assessment of industrial output and investment but cut its analysis for exports. The bank's latest policy decision comes ahead of next month's rise in sales tax, which is expected to drag on the economy.

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