Bank of Japan policy seen on hold as Shirakawa gives way to bolder leadership

TOKYO (Reuters) – The Financial institution of Japan is prone to keep monetary coverage unchanged on Thursday, maintaining hearth to look forward to new leaders who are anticipated to bring in bolder measures to try to end just about twenty years of delicate deflation. The two-day meeting that started on Wednesday is the ultimate for Governor Masaaki Shirakawa and his two deputies. They depart on March 19 after a five-yr term spent combating crises including the aftermath of Lehman Brothers' give way in 2008 and the devastating March 2011 earthquake in Japan. …