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Tuesday, June 11, 2013

BOJ refrains from adding to stimulus.

As expected, the Bank of Japan has kept its ultra-loose monetary policy unchanged, although it gave a slightly more upbeat outlook for exports and the wider economy. The BOJ also said "some indicators suggest a rise in inflation expectations." Some market participants had hoped that the bank would take action to address bond volatility, such as by lengthening the duration of one-year low-interest loans to banks.

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