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BOJ may ease policy again, emergency mtg not ruled out
The Bank of Japan will consider easing monetary policy further, possibly at an emergency meeting before next month's rate review, if further rises in the yen push down Tokyo stock prices enough to hit business sentiment, sources said. The government may also intervene unilaterally again in the currency market to weaken the yen, although analysts doubt whether such moves can alter a broad weak dollar trend. A senior government official expressed Tokyo's readiness to step into the currency market to stem yen rises if necessary, saying that recent moves have been speculative. "Japan's stance is consistent in that it ... (full story)
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- Aug 21, 2011 12:40pm Aug 21, 2011 12:40pm
- geniusztc
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- hayseed
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to trade and code, keep both simple... no call to impress....h
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Early to bed, early to rise, keeps you healthy, wealthy and wise.
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