BoJ boosts easing amid mounting political pressure

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The policy board of the Bank of Japan (BoJ) today (December 20) voted to increase the size of the asset purchase programme by around ¥10 trillion ($119 billion), bringing the total size of the programme to around ¥101 trillion.

The BoJ expressed concerns over external developments, including the continuing eurozone debt crisis and fears over the US ‘fiscal cliff', as well as noting the uncertain effects of a recent deterioration of relations between Japan and China. Furthermore, CPI inflation in

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