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 in April launched nearly twice the monetary base, 270 trillion yen ($ 280 trillion), through large-scale asset purchase program by the end of 2014 nearly two decades deflation.
It will do so by purchasing about 7 trillion yen monthly riskier assets such as bonds.
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 could provide an optimistic view of the economy, said on Friday more convincing, 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.
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 is slightly optimistic on the price, 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.
 



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