Japan begins stock purchase policy

The Bank of Japan's programme to buy shares from the country's ailing banking sector officially started Friday, but the bank is being coy about any actual purchases.

Masaru Hayami, governor at the bank, outlined the central bank's aims when speaking to parliament on Thursday 28, saying: "We want to help create an environment where banks can restore their health by reducing their risk to stock price movements. It is a temporary measure with a limited timeframe." However he remained guarded on

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