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BOJ

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The Japanese government will inject a new lease of life into the nation’s recession-hit economy as it introduces a new $1.1 trillion stimulus package. …

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The Bank of Japan sliced its growth forecast for the financial year 2012, starting in April, keeping its zero-interest policy on hold, with the global demand reducing and keeping yen strong due to eurozone debt crisis. The BOJ is also counting on spending for reconstruction after last year’s earthquake to support a fragile recovery.

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