ON TRACK: Japan's central bank has opted to keep its ultra-loose monetary policy in place, saying the economy will post a "moderate recovery" despite slowing growth in the past quarter.

ON TRACK: Japan's central bank has opted to keep its ultra-loose monetary policy in place, saying the economy will post a "moderate recovery" despite slowing growth in the past quarter.

UNCHANGED: The Bank of Japan ended a two-day policy meeting without any moves to step up bond purchases aimed at pumping 60 trillion yen to 70 trillion yen ($600 billion to $700 billion) a year into the world's third-largest economy.

OFFICIAL STATEMENT: The central bank said prospects for the European debt problem, developments in the emerging and commodity exporting economies and the pace of recovery in the U.S. remain risks for Japan.