Japan's Shirakawa explains QE expansion


Masaaki Shirakawa, the governor of the Bank of Japan, on Monday explained the central bank's decision to increase the size of its asset purchase programme by ¥5 trillion ($64 billion) to ¥55 trillion ($706 billion).

At a Meeting with Business Leaders in Osaka, Shirakawa said the decision was based on the recognition that some more time will be needed to confirm price stability is in sight and due attention is paid to the risk that the economic and price outlook will further deteriorate

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