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Japan central bank lifts growth view

07-16-2010 09:25 BJT

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Japan's central bank raised its economic growth forecast on Thursday, while holding its key interest rate near zero.

The Bank of Japan's board has decided to leave the overnight call rate target at 0.1 percent as expected. And it described the world's second biggest economy as showing further signs of a moderate recovery. Exports and production are expanding, and translating to stronger corporate profits and business sentiment.

Analysts say that's fueled by high growth rates in emerging countries. The central bank now predicts real gross domestic product will expand 2.6 percent in the 2009 fiscal year, through till March 2010.

Editor:Xiong Qu |Source:

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