Japan Central Bank Sees Growth Rebounding in Coming Year

January 21, 2015 4:37 AM

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The Japanese central bank says the world's third largest economy will suffer a contraction in its nearly ended current fiscal year but then rebound.

The Bank of Japan ended a policy meeting Wednesday without any major change to its ultra-loose monetary policy. Its massive asset purchases are injecting trillions of yen (billions of dollars) into Japan's economy each month to overcome deflation and economic stagnation.

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