Japan's central bank to buy securities

The Bank of Japan has decided to buy asset-backed securities. Before this it had restricted its purchases to government bonds, which carry less risk than securities. The Bank said the scheme could start as early as next month.

Source: Reuters

Japan's central bank decided Wednesday to take the unusual step of buying up to $8.5 billion in securities in an effort to help revive the nation's struggling economy.

The move, which came at the end of a two-day policy board meeting, marks the first time the

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