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Summary The Bank of Japan on Friday has further eased monetary policy.
The Bank of Japan (BoJ) on Friday further eased monetary policy, increasing its asset purchase programme by 5 trillion yen ($62 billion) to about 70 trillion yen.The central bank, which made the announcement after a one-day policy board meeting, said its board voted unanimously to keep its key interest rate unchanged at between zero and 0.1 percent.The BoJ also said it will expand the government-bond purchases to bonds with longer maturities.The bank decided to increase the outstanding amount of the (asset purchase) programme to about 70 trillion yen by around end-June 2013, a statement said.
