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Bank of Japan likely to expand asset buying by summer

From reuters.com

The Bank of Japan is expected to ease policy further by this summer to help boost the economy and pull it out of a 15-year deflation, as the effects from Prime Minister Shinzo Abe's stimulus strategy loses momentum, a Reuters poll showed. Economists in the survey also remain skeptical that the central bank will achieve its 2 percent inflation target in the year from April 2015. Just as the world's third-largest economy is about to hit headwinds from an April sales tax hike, growth is already coming in well below expectations on sluggish exports and lackluster consumer spending and capital expenditure. Japan's economy ... (full story)

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