The Bank of Japan faces its first test on Tuesday in keeping up with its increasingly dovish U.S. and European peers, as the growing pain from soft global demand and trade tensions weigh on the country’s modest economic recovery. With solid domestic demand in Japan helping to offset weak exports, many BOJ officials see no imminent need to roll out more stimulus, preferring to save their limited ammunition in case economic conditions deteriorate, sources familiar with its thinking have said. The European Central Bank’s decision last week to hold off on immediate policy easing gave the BOJ some breathing space and ... (full story)