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Post by bot on Oct 26, 2011 7:23:24 GMT -5
Bank of Japan may lift asset-purchase plan: report HONG KONG (MarketWatch) -- The Bank of Japan will consider increasing its yen asset-buying plan by 5 trillion yen ($65.77 billion) during its policy board meeting Thursday, in an attempt to underpin the economy as the yen sits at historically high levels, the Nikkei newspaper reported Wednesday. As part of the measures being considered, the BOJ would also purchase longer-term government debt, broadening the criteria of a ¥50 trillion asset-buying fund which has so far targeted government bonds with maturities of two years or less, the report said. The dollar traded just above ¥76 early Wednesday afternoon in Tokyo, after briefly touching a post-World-War-II high of 75.73 in North American trade on Tuesday.
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