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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: TobagoJack who wrote (94758)9/19/2012 7:21:17 AM
From: elmatador  Read Replies (2) of 219198
 
The Bank of Japan has responded to FED and ECB with a fresh monetary stimulus package, warning of a “deceleration” in overseas economies and a “pause” in domestic growth.
The central bank will increase the size of its asset-purchasing programme – its key policy tool, since interest rates are already near zero – by about Y10tn ($126bn) to Y80tn, by buying another Y5tn of short-term government bills and another Y5tn of longer-term government bonds. The deadline for completing those purchases will also be pushed back, from June 2013 to the end of 2013.

“The BOJ took more action than we anticipated,” said Jun Azumi, Japanese finance minister, adding that the move was timely given signs of slowing growth in Japan.

ft.com
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