Comment on Nikkei Soars As Bank Of Japan Announces Unexpected Stimulus Measures

Nikkei Soars As Bank Of Japan Announces Unexpected Stimulus Measures

TOKYO (AP) — Japan's central bank expanded its asset purchases in a surprise move Friday to shore up sagging growth in the world's No. 3 economy. The Bank of Japan said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen ($90.7 billion to $181.3 billion) to about 80 trillion yen ($725 billion) annually.

 

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