| BoJ holds amid signs of economy 'picking up' | The Bank of Japan kept its monetary settings on hold on Wednesday, judging that the huge stimulus unveiled in April will be enough to spur price gains in the world's third-largest economy.
In its statement, the central bank said its decision to stand pat – which was widely anticipated by investors – came amid signs of "positive movements" in economic activity in Japan, supported by the bank's pledge in April to double the country's monetary base within two years to achieve a 2 per cent rate of inflation.
http://link.ft.com/r/UXDMSS/CWN33N/D4L0IN/R3JUG5/XBYJ43/HK/h?a1=2013&a2=5&a3=22
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