Bank of Japan eases monetary policy further

JAPAN - The Bank of Japan on Wednesday unanimously decided to further ease its monetary policy for the first time in eight months, in a bid to complement the government's "anti-deflation" package, also released today.

The BoJ said it would increase its purchases of long-term Japanese government bonds to Yen1,200bn, from Yen1,000bn and increase the current account deposits target to between Yen15,000-Yen20,000bn, from a current range of Yen10,000-Yen15,000bn, Reuters reported.

Though some econom

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