Kuroda decides to expand monetary stimulus programme

Source: Bloombnerg
© Scanpix/RS
Haruhiko Kuroda, the Bank of Japan Governor, has persuaded the unsteady board to enhance already large monetary stimulus programme. Some analysts predicted such a step, as the Japan economy failed to achieve BOJ's 2% inflation target and the possibility of an additional increase in sale tax persisted. Still, to many market participants it was a surprise action that sent Nikkei 225 towards the highest level since 2007.
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