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Bank of Japan Takes Fresh Action

Bank of Japan Takes Fresh Action

TOKYO—The Bank of Japan took stairs Friday to accelerate a scarcely three-year-old quantitative easing program, perplexing to encourage a republic struggling with indolent expansion that it was committed to stoking inflation.

Markets reacted but enthusiasm. The benchmark Nikkei Stock Average sealed 1.9% lower.

Prime Minister Shinzo Abe’s mercantile expansion program, of that a BOJ’s easing is a pivotal element, has unsuccessful to benefit traction,…

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