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Post by bot on Oct 7, 2011 7:30:20 GMT -5
Bank of Japan stands pat, extends lending program HONG KONG (MarketWatch) -- The Bank of Japan's policy board voted unanimously on Friday to hold its overnight benchmark lending rate unchanged at a range of 0% to 0.1%, as expected, but also extended a special post-earthquake lending program by six months. The board said in its monthly statement that Japan's economic recovering remains intact, noting that production and exports continue to increase, although the pace of recovery has moderated from the sharp rebound that followed the slump in the wake of the March earthquake and tsunami.
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