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Thursday, January 10, 2013

BOJ mulls further easing as it looks to preserve independence.

The Bank of Japan will reportedly consider adding to its ¥101T ($1.2T) asset-buying and lending program, and doubling its inflation target to 2%, when its policy committee meets in a couple of weeks. While the 2% goal is expected, thoughts of further easing this month are a surprise. But the BOJ, which is under severe political pressure, hopes to forestall threats to its independence.

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