Bank of Japan kept monetary policy steady and held to change its assessment of the economy on Thursday, chose to wait for more clues more positive emotions will encourage enterprises to increase spending.
Bank loans in July, the largest increase from four years, compared with the same period last year rose nearly 2 percent, the Bank of Japan data showed earlier in the day, the central bank's efforts to improve its aggressive monetary stimulus loans good omen.
As widely expected, the Bank of Japan kept its policy launched in April nearly doubled the monetary base 270 trillion yen (1.8 trillion pounds) through large-scale asset purchase program by the end of 2014 nearly two decades of deflation .
The central bank said: "The Japanese economy began a modest recovery," in a statement of policy decisions announced in July was revised up after the seventh consecutive month to maintain its assessment of the economy.
A series of positive economic data released since the last meeting of the Bank of Japan is expected to exacerbate it may provide an optimistic view of the economy is more convincing to say that it is restored.
Core consumer prices rose for the first time in more than a year, the first increase in three years, summer bonus, the unemployment rate hit a 4-1/2 year low.
BoJ confidence in the economy, but they are less likely to use more bullish language, because we still need to use quantitative easing to support the economy, "Mitsubishi UFJ Morgan Stanley Securities in Tokyo, said Hiroshi Miyazaki, senior economist at . "
"What advice would require additional easing. Price performance was better than expected, the Bank of Japan seems easier to meet its target price."
In fact, the Bank of Japan is the price a little optimistic, he said, inflation expectations "seems to be rising on the whole," and the core consumer price index may accelerate.
Last month, it said, there are some signs of inflationary expectations, the core consumer price growth may turn positive.
CAPEX KEY
Crux is the capital expenditures, many of which the Bank of Japan in assessing whether the pump huge amounts of money the central bank's economic activity is picking up in a lot of importance.
The government-backed Development Bank of Japan survey showed that large companies plan to increase capital spending by the beginning of March to 10.3% this fiscal year, increased 2.9% from the previous year.
Capital goods, which helps to measure the strength of capital expenditure, but shipments fell 12.1% after May unchanged in June METI data showed on Monday.
Given mixed readings, some officials may want to see more data to measure the strength of business investment, wages, and the early signs of recovery in the labor market, whether it is sustainable.
The Bank of Japan will have more indicators to measure the strength of the economy, released on Monday next week for the second quarter gross domestic product (GDP) data and Tuesday June machinery orders - a leading indicator of capital spending.
Reuters survey showed that Japan's economy may be in April-June grew by 3.6% per annum, marking the third consecutive quarter of expansion, increasing Prime Minister Shinzo Abe (Shinzo Abe) reflation policy is spreading signs of positive effects.
Despite steady economic recovery track, and gradually push up prices, and many private-sector analysts still believe the Bank of Japan's target is too ambitious, within two years of 2% inflation rate.
International Monetary Fund (IMF) said the central bank should be prepared to expand its asset purchase program, or to the purchase of assets in the future if inflation does not pick up the envisaged mixed.
 



Other News:
BOJ maintains stimulus, keeps economic view intact
Tens of thousands rally to oust Tunisian government
Fast Retailing signs Europe-led Bangladesh fire and safety accord
CCA warden says he didn't know about understaffing
Rising tax revenue eases pressure for budget cuts
US arm of major Chinese media company facing suit
Central bank chief Carney struggles to demistify recovery for Britons
UK 'bad bank' repays $2.9 billion to taxpayers in first half