Bank Of Japan Adds To Easing, Cites Uncertainty

The Bank of Japan announced Thursday it would add about 10 trillion yen ($119 billion) to its asset-purchase program, while keeping its policy interest-rate target at 0 to 0.1%, citing "a high degree of uncertainty concerning Japan's economy." The announcement, coming at the end of the central bank's regular policy meeting, briefly sent Tokyo stocks tumbling and the yen rising, only to regain their previous levels minutes later, as investors digested the bank's statement.

Source: http://www.ibtimes.com/node/953244

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