Bank of Japan steps up asset buying to stimulate growth

04/27/2012 | Bloomberg · Reuters

For the second time in three months, the Bank of Japan increased the scale of its monetary stimulus as lawmakers demanded more action to accelerate economic growth. The bank raised its asset-buying program to $494 billion and said it is extending the maximum maturity of bonds it buys from two years to three years. The size of the increase as well as a decision to buy more shares of real estate investment trusts and exchange-traded funds lifted share markets.

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Bloomberg · Reuters

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