By  on July 7, 2014

TOKYO (Reuters) — The Bank of Japan kept its upbeat assessment for all of the country's nine regions, saying a moderate recovery was taking hold and bolstering views the economy is on track to meet the central bank's price target without more monetary stimulus.

But central bank governor, Haruhiko Kuroda, stressed his resolve to maintain the massive stimulus programme for as long as necessary to sustainably achieve its 2 percent inflation target, reassuring markets that an exit from the ultra-loose policy was still distant.

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