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BoJ Comes Out Swinging but NFP Could Soften Impact
New Bank of Japan (BoJ) Governor Haruhiko Kuroda held nothing back, much to the global currency market’s surprise, by kicking off his inaugural two-year term with an aggressive new easing program designed to combat more than 15 years of deflation in the world’s third-largest economy. The key measures of the BoJ’s “Quantitative and Qualitative Monetary Easing” program include a doubling of bond purchases to 7-trillion yen (US$75b) a month and an expansion of purchases of other assets, including exchange traded funds and real-estate investment trusts. The central bank will end up buying more that +70% of ... (full story)
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