BoJ’s Shirakawa explains QE expansion

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Masaaki Shirakawa, the governor of the Bank of Japan, on Tuesday explained the central bank's decision to increase the size of its asset purchase programme by ¥10 trillion ($129 billion).

At the central bank's Semiannual Report on Currency and Monetary Control before the Committee on Financial Affairs, House of Councillors, Shirakawa said the sovereign debt problem in peripheral European countries warranted closer attention to downside risks in Japan.

"The prospect of overseas economies entails

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