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March 11, 2014 AT 6:24 AM
There were really no surprises from Governor Haruhiko Kuroda and company at the Bank of Japan earlier today. As expected, the BoJ deferred on any further easing ahead of next month’s highly publicized sales tax increase. A percentage of the market remains wary about Japanese growth and on the outcome of another ‘tax’ being introduced. Kuroda admitted export numbers have been weak but the BoJ remains stubbornly optimistic on the outlook for the Japanese economy.