BOJ to stand pat on policy, may sound more upbeat on economy post-GDP

May 22, 2015 7:45 AM

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BOJ to stand pat on policy, may sound more upbeat on economy post-GDP

TOKYO (Reuters) – The Bank of Japan is set to maintain its massive monetary stimulus on Friday and may offer a slightly more upbeat view of the economy, unfazed by first-quarter GDP data that offered mixed signs on the strength of the recovery.

Data on Wednesday showed the world’s third-largest economy expanded at an annualised 2.4 percent in the first three months of this year, the fastest pace in a year, a sign Japan was steadily emerging from last year’s recession.

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