TOKYO -- The Bank of Japan said on Tuesday it would stick with its ultra-easy monetary policy and raised its growth estimate for the next fiscal year on hopes that a recently announced stimulus package would offset a tax increase at home and sluggish overseas expansion.
The central bank raised its growth forecast for the fiscal year ending March to 0.8% from 0.6% and for fiscal 2020 to 0.9% from 0.7% in response to a major stimulus package the government of Prime Minister Shinzo Abe announced last month.
