BOJ leaves massive stimulus unchanged.

As expected, the Bank of Japan has maintained its target of expanding the monetary base by ¥60-70T ($720B) a year. The BOJ again said the economy is "recovering moderately," noting that corporate capex has been rising as profits have improved. However, the BOJ is concerned by risks from overseas. The decision came just days after the government said it will raise sales tax to 8% from 5% in April despite fears that the move will hurt the economy.