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The Bank of Japan (BOJ) announces additional monetary stimulus measures to support Prime Minister Shinzo Abe's efforts to revitalize the Japanese economy. The central bank increases its annual purchase of exchange-traded funds (ETFs) to ¥6 trillion and maintains its asset-purchase target at ¥80 trillion. These measures aim to stimulate inflation, boost growth, and counter the stronger yen. The decision reflects the BOJ's commitment to achieving its 2% inflation target.
Thursday, 28 July, 2016