September 21, 2012

BOJ increases asset purchases by 10 trillion yen

" The Bank of Japan expanded its asset purchase scheme by 10 trillion yen ($US121 Billion), to try to keep borrowing costs down. The yen...has appreciated by 50 per cent against the US dollar since the financial crash, raising the cost of Japanese exports"

Source: UK central bank hints at stimulus
Josephine Moulds
The Australian Financial Review
Friday 21st September, 2012, page 33

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