Quick action is now expected from Bank of Japan

01/8/2013 | Reuters

A boost in the Bank of Japan's $1 trillion asset buying and lending program is probably in store this month, sources say, as the central bank steps up efforts in parallel with the new government to pry the country out of deflation. The BOJ is expected double its inflation target in a situation complicated by weak price trends in Japan and a "highly uncertain" outlook for overseas economies, one of the sources said.

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