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BOJ keeps loose monetary policy unchanged

By Elaine Kurtenbach
Published April 30, 2014 4:19am ET
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BOJ keeps loose monetary policy unchanged
Bank of Japan Gov. Haruhiko Kuroda heads to a meeting at the headquarters of Bank of Japan in Tokyo, Wednesday, April 30, 2014. Japan's central bank was meeting Wednesday to assess the status of the country's economic recovery, as monthly data showed industrial output and wage growth falling short of expectations. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT | AP

TOKYO (AP) — Japan’s central bank kept its ultra-loose monetary policy unchanged in a policy meeting Wednesday, despite data suggesting the economic recovery is weaker than expected.

The Bank of Japan is still monitoring the impact of an April 1 tax hike that is expected to sap growth as consumers adjust to higher costs.

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