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Why Does The BOJ Continue Easing?

posted by Avatar fx360 695 days ago in USD, JPY, Daily made popular 695 days ago

As expected the BOJ left its benchmark rates unchanged at 0.1% but the central bank increased its quantitative easing program from 10 Trillion yen to 20 Trillion yen as it bowed to government pressure to ease deflation. The move however, was not unanimous with the board splitting a 5-2 vote as policymakers grappled with the decision.
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