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BOJ Shocks Markets With Surprise Easing as Inflation Slows

The Bank of Japan surprised global financial markets on Friday by expanding its massive monetary easing as economic growth and inflation have not picked up as expected after a sales tax hike in April. The jolt from the BOJ, which had been expected to maintain its level of asset purchases, came as the government signaled its readiness to ramp up spending to boost the economy and as the government pension fund, the world's largest, was set to increase purchases of domestic and foreign...

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