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>> BANK OF JAPAN Latest News

FEB 13, 2013 - MarketWatch

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Bank of Japan stays pat on rates, asset purchases

HONG KONG (MarketWatch) -- The Bank of Japan on Thursday left its policy interest rate and the size of its asset purchases unchanged, and said the domestic economy "appears to stop weakening." The decision to leave the policy interest rate in the 0 to 0.1% range was taken by a unanimous vote. However, the central bank's monetary policy-setting board defeated by a majority vote a proposal by board member Ryuzo Miyao to continue with a virtually zero-interest rate policy until the Bank of Japan's 2% price-stability target was judged to be in sight. Despite its recently adopted price-stability ... Read More

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