Bank of Japan announces fresh easing measures | Bangkok Post: news

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Bank of Japan announces fresh easing measures

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The Bank of Japan embarked on a new era of huge spending Thursday by unleashing a flood of easy money, in its boldest attempt to drag the economy out of decades of crushing deflation. 

Newly appointed Bank of Japan (BoJ) Governor Haruhiko Kuroda speaks during his first regular press conference at the bank's headquarters in Tokyo on April 4, 2013. The Bank of Japan embarked on a new era of huge spending Thursday by unleashing a flood of easy money, in its boldest attempt to drag the economy out of decades of crushing deflation.

The yen slumped against the dollar, the Nikkei bounced spectacularly and bond yields hit a record low after new governor Haruhiko Kuroda unveiled a doubling of the money supply and vowed no let-up in the battle against falling prices.

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