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Tuesday, November 20, 2012

BOJ resists political pressure for more easing.

As expected, the Bank of Japan has resisted political pressure and refrained from further easing measures at its latest policy meeting. The bank maintained its key interest rate at 0-0.1%, its asset fund at ¥66T ($812B), monthly purchases of government bonds at ¥1.8T, and a credit-lending facility at ¥25T. However, the bank is expected to announce stronger measures at its next meeting in December

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