Bank of Japan cuts economic outlook, signals tilt toward additional easing

The Bank of Japan left its ultraeasy monetary policy unchanged Tuesday, while revising downward its inflation and growth projections for the next couple of years and underscoring that the central bank is "rather positive" about taking additional easing steps.The move came despite market expectations that the BOJ may be forced into action to prevent a spike in the yen against the U.S. dollar that would hurt Japanese exporters, following an interest rate cut that the Federal Reserve is expected to make on Wednesday.The bank "will not hesitate to take additional easing measures" if there is a …READ FULL ARTICLE