Bank of Japan holds off new stimulus despite weak growth

The Bank of Japan on Wednesday held off fresh stimulus, even as weak growth figures this week aggravate concerns about the strength of a recovery in the world's number three economy. Policymakers said Japan was seeing a "moderate recovery trend", after wrapping up a two-day meeting, but they further cut back on their inflation expectations, in a sign that their price targets look increasingly out of reach. The central bank's decision to keep its already massive stimulus uncha