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Friday 29 August 2014

Japan seeking to boost economy

Published 22/01/2013 | 04:35

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Japan's PM Shinzo Abe wants the country's central bank to ease monetary policy

Japan's central bank has wrapped up a policy meeting by pledging more aggressive action to boost the economy, including setting a 2% inflation target.

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The Bank of Japan said it would conduct "open-ended" asset purchases to help achieve the goal of breaking out of a long spell of deflation.

Japan's prime minister Shinzo Abe has been lobbying the central bank to ease monetary policy further to help the recession-struck economy escape from years of falling prices known as deflation.

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